No lie it has me slightly confused because I'm seeing a triple bottom and a double top at the same time. Yet I want to believe in my analysis so my forecast will be what directs me.
This is where and what my head is showing me but there is a probability to reject and go all the way down.
If you had seen the momentum then you would have seen that demand was pushing all the way down and the supply followed. There are fundamentals we should be on the look out for therefore I'm moving my SL into profit. I took this trade earlier as a risk but it's working out.
Left this here just to further watch what is going to happen. Closed out early on this so we just wanted to sharpen our skills.
I took the trade quite late. I had my buy limit triggered, the zone I needed it to be, once in that area rejection happened. Entered and just closed now because my profit goal has been achieved, Tomorrow I'll open my laptop again.
Close with the candle like this is confluence we will add before taking the trade so we are okay.
Waiting for it to first move up and touch my entry (Buy Limit). Only then will I enter but before that I will also wait for the impulse down or rejection just around this zone. After which we ride it out until either 90% of the channel or till my TP in line with my goals is reached.
Looking at it on 15 min and it looks like a sell will prevail but ZZOOOOMM OOUUTT and you will see that is not the full picture. As part of it, the 1 hour there is an inverse H&S which has started forming. Just waiting for the break of the shoulder line before going forward and taking the trade. Till then stay watching and waiting.
Move SL into profits, we don't run a Non-profit. Also just watch your greed, so make sure it's in line with your goals and your rules that you have set out.
I hope you see what I am seeing. Initially I saw a buy but after that last candle I have seen a sell. It will break, retest and continue. So that being that, I'm entering early but also taking caution with risk, so I've minimised to the smallest lot size. Upon further confirmation, I will then add more trades. Also SL very very very important, if it hits the SL it...
Took a weird risk and it is currently paying off. It is running in slight profits but because I took a lot of them it is over 300% in profit. It's not a good strategy but it worked out
The markets have welcomed me back, and because I increased my risk appetite I donated back all the profits from the week and some change. So it means we have deviated from our strategy and have paid the price. Like running a business, it was the cost of running a business. School fees now paid, we take the lesson and we do better next week.
The white ghost bars are my thoughts and analysis as to how the market will move in the next couple of days. This is looking to be climbing at a faster rate than US30 so therefore it is going to possibly be more volatile. This is now opportunity but there is still probability of the inverse happening.
From what I'm seeing this is going to melt. at first it does not look that way but this smaller channel is called trends in trends so it'll break out, retest then continue. Only then will we look for answers.
So Guidelines keep inflicting my ideas because of typing in caps but that's how I rely on conveying the importance of something. I'll figure it out and see what is an alternative way in which I can express the importance of certain messages. This is where my head is directed with Nasdaq100. I'm seeing a break, so I will wait for the impulse down and retest before...
I tried something and risked it but it didn't work out so we recover and move back forward. Lesson learned and watching the fundamentals was crucial today and I didn't so I paid school fees.
That is perfectly fine, we just were not following the market and its impulses close enough. We watch, watch, plan and execute