Waiting still waiting and some more waiting A close below this rectangle will be ground to search for sell entries * Impulsive moves downwards * long bearish candles with minor pullbacks (LH and LL) * 2 evening stars before the fall, current candlestick forming another possible evening star
This is the playing field I am walking into but because the RR is not aligning and I only have 2 confluences I will not be taking this trade but rather enjoy my nosebleeds.
I've been excited about this, when I saw it I wanted to take out my laptop and post immediately🤣🤣🤣 We had impulsive moves down, melting out all the positions and stops that were set. I respect that we met part of our analysis, the other half was wrong. Now we look for buys or support levels and ride this wave. NFP week is also one to be careful of as it is a sh*t show.
A close below the blue rectangle will mean we wait for the retest and continuation. From my eyes: - we tested the level - closed above the support - gapped down, it needs to close - impulsive candles down
This trade has me excited because we followed our rules and it paid of. Yet in my truth of trades, I moved my SL into profit, got stopped out then TP Hit.🤣🤣🤣🤣🤣 So I appreciate that I did not donate to the market but also that the analysis was inline with the market movement.
Here is the short version of the sell bias which will also prove that we are still going down. It is not a trade will be looking for as the RR is not in my favour. None of my triggers have been hit. I will wait and watch, because I have running sells with GJ I don't want to have a bias. I want a clean and clear reason as to why I would take those sells, not just...
142.00 Most important number here. Whatever happens here will determine our next move. This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back. - We need a long rejection to confirm - We have what is forming a double bottom (only 1 confluence) - More candlesticks showing slowing...
There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel...
Here is an alternative view. If you understand the different phases of market movements. I should not have to explain this. I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers. * 3 touches at the top of the channel * 3 touches at the bottom of the...
We need to be decisive here. US30 has no exact direction from my eye from 4H going down Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys. Moving deeper: The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the...
These are sell stops which I had placed on the 26th of December 2023, I got caught up and forgot about them. The market is currently not moving so I am at risk of losing these. Having not paid attention I could potentially hit the risk I had planned to lose. I had seen how the market pushed in between two price points (Blue rectangles). Found the probability and...
This went well. Double top where both almost knocked out the trade. What it showed is that, that zone was highly sensitive and a great place to have a sell stop and place 2 more trades.
I messed up again and did not monitor it and stick to what I had set out. Now we missed out on good momentum. Have a good weekend
The buyers won this round and that is no loss for us therefore we stay watching and waiting for any of our triggers or rules to be followed before entering any new trades.
My thoughts and idea before open, but the RR has no business with me. So I'll just watch it and get ideas as to how it develops and go about it. Also I only have 2 confluences on this, the structure and a candle stick besides that its not strong enough to provoke me.
Not anyone's inheritance, nor is it anyone's home. Now I can start looking for the actually trade I want, let it come to you and wait for NY open before getting hurt. It is best to move with wave when the current is flowing at its most energetic.
Here's the information we wanted and waited for. We'll probably get more movement throughout the day. Here's a trade I will be taking (Sell Stop) - LL, LH - coming from a bear move, shot up (falling to break high bear high) - Gap downwards, meaning we have to close the gap before real movement - This has been in a bear channel My RR = 3.75 which is inline with...
Back-testing this was one of my greatest lessons and pleasures of enjoying exchange and the markets of. 2009, 2014, 2015 & 2023 - These years are crucial because 190.00 beat them down telling them to sit TF down and show respect. Bigger view, zoomed out, 1M - shows 2 double bottoms - this indicates that we were bound to fight upwards - 2020 (1W) we shot up,...