Stopped out but it's fine, because it hasn't punished our capital. Just a small hit but we wait and watch as now we have more information as to what the market is supplying, even though it's against demand.
This is what I'm seeing after this double bottom completes. There will be heavy demand to the upside but till supply is provided we watch and wait, being impatient will be a costly thing. So also stick to your rules and trade your rules.
Lots and lots of entries. I had even forgotten that it hit TP. So now we ride until but we move SL into further TP
You should have been stopped out in profits but now we wait for the retest before we enter once again.
Move SL into profits, remember you're a money manager not a gambler. I've added another in accordance to my plan. PLAN THE TRADE AND TRADE THE PLAN.
The impulse was great but the current volatility is not enough, so the pullback will hurt and will punish ignorance. So either move SL up or SL into profits.
We are here unfortunately here but we saw it coming and we are sharper today than we were yesterday
This is what I see, should the inverse H&S play out and happen. A strong break of the neckline and retest should direct us straight into this trade.
I did acknowledge that it was risky but still within our plan and not destroy us. We take it and we press forward and we wait further.
I've entered these and they are HIGHLY RISKY⚠️⚠️⚠️⚠️⚠️ but I will adjust SL because of how they are playing out and the market movement. We in a pullback of a downward trend and it's reason why I've taken it.
I really hate that this is what I see but as a manager of capital, therefore feelings need to be cut out and discarded. (I am hoping to be wrong) Yet I see this and will wait for a right shoulder to complete. Then a break in the neckline, a last kiss and impulsive bullish candles then we find an entry and ride the whole way.
This is very nice, because it is slightly textbook. Yet knowing the fundamentals of the country, we will break through any sell bias you can think of. One day my goal would be to push that price all the way to either less R5/$ for a dollar or even to 1:1. For now I just would like to set a realistic goal of under R15/$. With the right leadership and the fight in...
Finally seeing what I have been waiting for, just waiting for the last impulse downwards. After this, we going in (following our rules).
I did give the warning to move SL into profits or manually close. Now that we have seen further development. We will wait for completion before fully setting out our game plan
Formal update, we shot up impulsively and retested but hit a limit, hence the double top. Close manually if you want or move SL closer, the retest could be hurtful and potentially damaging.
Double Bottom on the larger time frames, so we could be expecting it to shoot up and complete the full channel. For now we will just watch and wait while the market plays out how it wants throughout the week.
Throughout the week we could see this playout, For now we wait for an impulsive breakout and retest before entering.
We are cruising nicely, which doesn't mean we should be cocky and irresponsible. Move SL into profit, some profit is better than no profit. My SL is very close to current market price because I don't like holding trades over night and tomorrow is NFP so I do not trade it.