I took an instant execution. I see a double bottom, a gap, full bull candles and 2 hammers that changed the direction. So I will follow rules and manage these trades the same way I would manage a hedge fund.
Seeing this possibility, yet I'm slightly reluctant because it's quite early and also it's Cyber Monday so not too much is supposed to happen. We will wait for an impulsive bullish candle close above structure before committing.
There isn't much to say. Double bottom formation, current price is testing/ reversing in order to get enough push to go further up. So we will WATCH, MONITOR & WAIT.
Part 3 Textbook sell pattern, straight forward and easy to spot. The build up of price and the steepness of the gradient, further shows us that the "Mighty will always stumble" 🤣🤣🤣not the best analogy but it's the way it makes sense in my head. I'm still gonna WATCH & WAIT, Due to it being year end a lot will happen and affect the whole years trading. How it...
Part 2 April, June, September and Currently. The current price bounced at these levels 3 times, so we can predict behaviour by previous data. But because it is towards the year end and how GJ behaves, we don't enter WE WAIT AND WATCH.
PART1 Price is still following the double bottom it formed back in 2020. So now we have the trend which is bullish. Yet it should not be seen as a basis because it will obstruct and hurt your trading account. TRADE WHAT YOU SEE NOW WHAT YOU FEEL. Kill emotions, Burn expectations, Switch on your skills and Enhance your screen and eyes. 💴💹💷
We reached a low we haven't reached since July 2020. Around the peak of the rona, which we could use as an extra piece of information. Moving down to the 4H, I see a reversal from the bearish trend in the form of a bull channel (2 touches both on the top & bottom). So I am waiting for the move down to complete before making any moves on this one. 1H, we had a...
I was watching the market last week, I just did not see anything which allowed me to take trades. This week could be different but I will be objective and take what the market shows me. Moving down from the Daily, which has been stretching into an expanding wedge (signal for bull pressure to take over soon). No guessing🙅🏿🙅🏿🙅🏿🙅🏿🙅🏿, it's rules and we follow them to the tee.
It is Sunday after all, so our job starts before anyone elses'. Looking at the larger trend and looking left. We are in a bearish trend and have presented a pullback. So this week we could be seeing a probable push up, due to fundamentals. Yet if we look technically, we are seeing more bearish confluences. I'm not a mind reader🤣🤣🤣🤣🤔🤔🤔🤔 and I don't wanna assume...
We are out, we need to sit back watch and wait. We were not too fascinated by the market movement but good thing we had exit points so earlier trades closed in profit others closed in loss. So the trade off was fair.
This is also showing me signs that its about to melt. Broke the resistance level and is currently testing it. Should it close above resistance and have an impulsive bull candle then we know it won't melt/ If we have a close below the resistance, then we can expect a melt.
DO NOT TAKE THIS OR PLACE THIS UNLESS YOUR STRATEGY CONFIRMS THIS⚠️⚠️⚠️⚠️⚠️⚠️ This is a possibility a very high but the probability is 50% so we will wait and watch. It's showing signs of a melt but the fundamentals are steady right now pending more Twitter news, FTX updates and inflation changes.
I'm out. Manually closing, nevermind as I wrote this it closed on it's own. Market related news as usual (Inflation possibility).
This is currently where my thoughts are. I've had a mentally challenging weekend so it took a toll on my psychology, I took a major loss on US100. So I forgot to post this one, slowly I am working to get better and do absolutely better. I didn't blow the account, I just didn't follow my plan and rules, got punished for that. Now this is what I had seen earlier and...
This was not updated last, but this is where it is. I said I wouldn't take the trade and I didn't just a matter of watching and sharpening my skill.
😂😂😂😂😂🤣🤣🤣🤣🤣It's one of those weeks and the beauty of it, is that there is nothing but learning. So we stay watching. Infact close your laptop, only sanity you'll have.
This is textbook structure and patterns I am seeing BUT WILL NOT BE TAKING. Just analysing ad forecasting as it is one of my focus instruments. It would be a good trade but because I'm focusing on GJ, it'll cause of risk ratios to change and go against my rules. So I'll watch and practise as a way of sharpening my edge.
Maybe I'm too wishful and not seeing deeper than I should. I opened this, zoomed out, went to the 1H chart and I see a pattern I figured out while backtesting. Named it the Bat, because it looked like a bat but was not an inverse H&S full structure. So I'll place my Buy Stop and wait it out. It's Friday, even if you don't find trades it's still fine.