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Ngwanemoney

US30That is more than enough, move your SL into TP or breakeven. - The market has given us more than enough - Demand has been met by the supply - Impulsive candles indicate we were correct in following the market and the conditions - There is no slow down so it should keep going but do anticipate a pullback * remember this is a business, so because the business has now spend money to fulfil orders and the demand then money will need to be recuperated and put back into the business before more supply is given to the remaining demand. *
PEPPERSTONE:US30Short
by Mhangwane1
UJI know I am not the only person seeing this now - break of larger trend - retest of the channel - lots of slowing down candles (consolidation) ∴ we can expect an impulsive candle coming. Which will either be bullish or bearish. - chances are that it will be bullish due to the average direction and momentum the market has been moving all this time. - I will set a buy stop according to more information. Which probably means I will wait for the impulsive supply and then follow that demand (in line with my trading plan) NB!!!! All moderators reading this post, should there be any problems please do inform me and teach me don't just send thousands of links. We do not trade the same as people, so we cannot be posting the same or similar things.
Long
by Mhangwane1
2
GJI don't know what I am doing wrong but I keep getting it wrong as moderators keep flagging my posts. The impulse upwards was an indication that the demand and the supply met each other at the right time. The blue rectangle was an indication of a area of sensitivity, the market turned just before our entry point. Therefore we missed the initial target but that's okay because they'll always be another trade. I am trying to write this as long as possible because maybe then it won't get flagged. My work and analysis is straight forward and easy to understand but clearly I need to make it complicated and full of things that are not needed. We see rejection and continuation from both sides, lots of candles, wicks left & right, up & down, sensitive zones, bear candles, bull candles, candlestick formations, channels and movements.
Long
by Mhangwane1