UJVery textbook and straight forward. Its been impulse, correction (accumulation), impulse and by now if you watched carefully you should have 3 entry points by now.
Practice
UJThis is so beautiful🤩🤩🤩🤩. It's Textbook, this is as close as perfect copy and paste you'll see when learning. Impulse down, a bit of correction, impulse down, retrace and continuation.
GJI guess we had to wait and see. Those that did should be handsomely rewarded, those that entered early hopefully either your SL protected you or it was big enough to allow it to reject and drop.
NAS100We have our impulse, now we wait for the retest and we enter on continuation.
1. Reversal within the channel
2. 3rd touch on the smaller 15min channel (Top Part)
3. Candles have reduced in size, indicating a smaller demand = less supply
4. Impulse bear candle
US30This muscle called the heart sitting behind my sternum, is about to break my sternum because of emotionally filled answers and observations. It wants the market to break down and keep falling. So let's do the money thing and put it aside and let the brain take over.
We only have one confluence
1. Channel within a channel
Due to lack of confluences, we will wait for more information.
UJMy heart wants to forecast but knowing that muscle, I'm gonna follow logic🤣🤣.
1. Double top (M formation) on the 1H chart
2. Correction of the bigger trend
3.
There is no 3rd confluece as of yet, so WE WAIT BEFORE WE SET OUT ORDERS
GJWaiting on the impulsive break either up or down. Whichever way the market breaks out and retest's is where we look for entries.
My forecast see's a possible inverse H&S, so until it is complete and the neckline is broken. WE WAIT AND WATCH👀👀😎😎
GJTook an "L" (LESSON), we were stopped out and that means either we were early or we did not let the market mature enough to execute.
It's a new week, filled with possibilities and I KNOW EVERYONE WILL HAVE A PROFIT FILLED WEEK.
GJIt's a late entry but it still follows the rules. Impulsive break, retest, candle confirmation and then enter. We have a considerably large SL due to our past experiences with GJ and where the market is. For now just watch, if you don't understand why I took this trade rather stay away especially if it does not follow your risk management plan.
US30Even though it took us out. I stayed to watch it because my confidence on the direction was shouting and screaming. 1% either we must increase the size of our SL or the one I'm going to apply wait for the rejection to finish before placing orders.
GoldI tried to zoom out so it appears as best as possible. We aimed for the white dot, we were only wrong with a single aspect. We forecasted it hours earlier than it happened, which is a 1% tweak we can improve.
AUDUSDI strayed to AUDUSD because it was a request, following up we still in the bottom end. Waiting for signs of reversal before taking the entries we want.
LET THE MARKET COME TO YOU😁😁
GOLDWeeks back we called this direction and the timing is quite close we are slightly early by a few hours. We've just scrapped the the surface but let's keep watching and see what the market says.
GJNice break, retest and continuation. My focus has been on US30 and because of that I lost a beautiful trade. We can't catch them all but those that we do we put 6 Gun and enjoy. (6 Gun, is a spice mix in South Africa which is basically like our MSG)🤣🤣
US30I had placed another sell stop under the previous low, bad idea as either their was a stop hunt or spread situation that tagged me in. I will manually close, WATCH AND WAIT
US30Like we predicated this is not our father's house. So your SL should have protected you and kept you at least 1% up. We keep watching and waiting
US30I have only been back for a day but current running profit should be enough for anyone that has their trading plan following rules. I have only been back a couple of hours and therefore will be monitoring this carefully. If you want to stay safe because you could be busy move your SL either into profits or BE (It's not your father's house remember that). Rather be smart than donate back to the market and your broker.
UKOILI should have continued my forecast but we were off by just that many points. This has been a long time learning and failing over and over but each brick we'll get there.
US30My love and only peace = Forecasting.
I'm coming back with a different mindset, well my thinking is here for this week. As I get back into it, I'll do more of my watchlist and my explaining and the usual. I hope all of you haven't stopped and have been going hard.
AUDUSD MONTHLY STATUS
Price is in a downtrend
pullback to 61.80%
WEEKLY STATUS
Price again pullback to 61.80%...... red flag
DAILY STATUS
Price once again pullbacks to 61.80%
4 HOUR STATUS
Price goes down and
pullbacks to 61.80%
than continues to 0
then goes up (pullback to 38.20%)
HOURLY STATUS
MISSION UPDATE
Looking For Price
To Retest Hourly Trendline
For The Sell
-2 red flags
-1 4HR divergent
-Waiting for price to go to
-61.80% for 4 HR + 1 HR
EURUSD Kicking myself!!The fact that I missed both of these is getting on my nerves, especially since using regression lines to spot patterns like these is a good 30% of my strategy. I've been incorporating supply and demand into my strategy over the past month or so, and I think I've gotten too focused on just that. Somewhere along the line I stopped tracing regression lines through my fractals and it cost me close to 150 pips over the last two days. I've taken 75 pips over the past two days which is always good but there's no denying that I can improve big time. Waking up to an 80 pip drop in price after you had written the entire day off... Got to stay focused on everything to really take my trading to the next level. It's tough.
Sunday afternoon backtesting sessionToday I am backtesting trades on EURUSD to further improve my strategy and my ability to apply my strategy. It is important to keep your tools, and mind, sharp so that you can execute your trades in a live market that has major market players, news events, volatility, liquidity with experienced traders with high end technology with a high end education trading these markets. This means you must find your edge and constantly practice it to refine it, improve it, and remember it anywhere, any place, any time.
