SOYBEAN CFD Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist SOYBEAN CFD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Point.
Stop Loss 🛑 : Recent Swing Low using 2h timeframe.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
SOYBEANS
Soy Bean Cash CFD Bullish Side Money Heist PlanHola ola Robbers / Money Makers & Losers,
This is our master plan to Heist SOY BEAN Cash CFD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
SOYBN/USD and NZD/CHF on watch for me today.SOYBN/USD:
• If price pushes up above our upper rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/CHF:
• If price impulses down below our rayline, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD and EUR/GBP on watch for me today.SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/GBP:
• If price pushes up above our rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/GBP, USD/JPY, EUR/NZD and SOYBN/USD on watch for me today.EUR/GBP:
• If price pushes down to and ideally just below our lower rayline and it does so correctively, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/JPY:
• If price pushes down below the upper ascending trend line of our most recent piece of structure, it does so impulsively a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/NZD:
• If price impulses up above our most recent high, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD and EUR/USD on watch for me today.Good morning all,
so September really was pretty devoid of many decent trading opportunities where how I trade is concerned, but once again I ended the month in profit and that's largely because I value my capital and the longevity of my trading career too much to be jumping into average trades when the market doesn't provide anything which I know from my testing gives me a clear edge over the market. Yes, the market always makes opportunities available. In fact almost every morning I spot opportunities which might play out, but not ones (to reiterate the point) which give me a clear edge over the market and the latter is all I'm interested in. Basically if I have to think for more than a couple of seconds about whether a setup gives me my "edge" or not, meaning that the investment opportunity hasn't "smacked me in the face" then I simply move on to the next pair and I look for my edge there.
Remember! Success is not found in trading every opportunity you can find, most of the people who blow trading accounts are doing that. It's found in showing up, waiting patiently until a setup which meets your plan materialises and then simply executing accordingly and this is something that I intend to do until the end of time.
With the above in mind listed below is what I'll be looking for from the market this morning as always for your viewing, tonight I'll be selecting my 'Top 6' pairs and my 'Wildcards' for next week, tomorrow morning I'll be creating my Monday Forecast and then on Monday as always I will bring you that forecast.
Have a great day and a great weekend!
SOYBN/USD:
• If price pushes up, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD and EUR/USD on watch for me today.Good morning all,
so September really was pretty devoid of many decent trading opportunities where how I trade is concerned, but once again I ended the month in profit and that's largely because I value my capital and the longevity of my trading career too much to be jumping into average trades when the market doesn't provide anything which I know from my testing gives me a clear edge over the market. Yes, the market always makes opportunities available. In fact almost every morning I spot opportunities which might play out, but not ones (to reiterate the point) which give me a clear edge over the market and the latter is all I'm interested in. Basically if I have to think for more than a couple of seconds about whether a setup gives me my "edge" or not, meaning that the investment opportunity hasn't "smacked me in the face" then I simply move on to the next pair and I look for my edge there.
Remember! Success is not found in trading every opportunity you can find, most of the people who blow trading accounts are doing that. It's found in showing up, waiting patiently until a setup which meets your plan materialises and then simply executing accordingly and this is something that I intend to do until the end of time.
With the above in mind listed below is what I'll be looking for from the market this morning as always for your viewing, tonight I'll be selecting my 'Top 6' pairs and my 'Wildcards' for next week, tomorrow morning I'll be creating my Monday Forecast and then on Monday as always I will bring you that forecast.
Have a great day and a great weekend!
SOYBN/USD:
• If price pushes up, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/SGD and USD/CHF on watch for me today.Good morning all,
I hope you're doing well.
So yesterday I was eyeing up a risk entry within the tight flag that had formed on USD/CHF with the view of riding the bearish momentum to the downside which I believed would likely come into the market now that we'd potentially filled all of the buy and sell orders which were inflating the mid-price up, in part because an amendment that I made to my trading plan recently based on the testing that I've done is to try and avoid taking reduced risk entries on the break of tight flags when the lower trend line (if I'm looking to get short is sloping downwards) has a notable descending gradient to it. So I was sat with my deal ticket filled in, about to pull the trigger but the momentum came is so quickly that I didn't get chance to place my order. Had I been able to do so then I would have likely been running at around +2.75% profit for much of yesterday with just over +1% of it locked in. But I'm running a business and self-discipline is far more important to me than not missing out, as indiscipline is largely why many traders blow their trading accounts. So I was happy to stick to my plan and let this investment opportunity go without me, safe in the knowledge that trades are often like buses.
Sure enough, a little while later the investment opportunity which I was looking for from NZD/USD which I posted yesterday also presented itself and this time I was able to catch the risk entry that I was looking for from the top of the larger flag which had formed and once again, once the orders had been filled at the top of this flag the momentum to the downside kicked in almost immediately as I'd anticipated it might. However swap hours then came and with my stop loss now at break even I had to make a judgement call on whether to temporally put my 1% risk back on the table until the spread which can get pretty wild on NZD pairs had calmed down, which I was happy to do based on what the DXY, other NZD pairs and what other correlated pairs were showing me and once the Asian Session had started and the spread had calmed down I moved my stop loss back to break even. However during the early hours of this morning I was alas wicked out of my position to the pip, but looking at how price is moving it would appear that we're likely moving back up to the top of our lower time frame structure to form an even larger larger flag which I'll be considering getting short on once again most likely tomorrow.
So that's a break even trade on NZD/USD for me which Im very happy with which I'll finish documenting and journaling tomorrow and below as always is what I'll be looking for from the market today.
Have a great day!
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD:
• If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/SGD and USD/CHF on watch for me today.Good morning all,
I hope you're doing well.
So yesterday I was eyeing up a risk entry within the tight flag that had formed on USD/CHF with the view of riding the bearish momentum to the downside which I believed would likely come into the market now that we'd potentially filled all of the buy and sell orders which were inflating the mid-price up, in part because an amendment that I made to my trading plan recently based on the testing that I've done is to try and avoid taking reduced risk entries on the break of tight flags when the lower trend line (if I'm looking to get short is sloping downwards) has a notable descending gradient to it. So I was sat with my deal ticket filled in, about to pull the trigger but the momentum came is so quickly that I didn't get chance to place my order. Had I been able to do so then I would have likely been running at around +2.75% profit for much of yesterday with just over +1% of it locked in. But I'm running a business and self-discipline is far more important to me than not missing out, as indiscipline is largely why many traders blow their trading accounts. So I was happy to stick to my plan and let this investment opportunity go without me, safe in the knowledge that trades are often like buses.
Sure enough, a little while later the investment opportunity which I was looking for from NZD/USD which I posted yesterday also presented itself and this time I was able to catch the risk entry that I was looking for from the top of the larger flag which had formed and once again, once the orders had been filled at the top of this flag the momentum to the downside kicked in almost immediately as I'd anticipated it might. However swap hours then came and with my stop loss now at break even I had to make a judgement call on whether to temporally put my 1% risk back on the table until the spread which can get pretty wild on NZD pairs had calmed down, which I was happy to do based on what the DXY, other NZD pairs and what other correlated pairs were showing me and once the Asian Session had started and the spread had calmed down I moved my stop loss back to break even. However during the early hours of this morning I was alas wicked out of my position to the pip, but looking at how price is moving it would appear that we're likely moving back up to the top of our lower time frame structure to form an even larger larger flag which I'll be considering getting short on once again most likely tomorrow.
So that's a break even trade on NZD/USD for me which Im very happy with which I'll finish documenting and journaling tomorrow and below as always is what I'll be looking for from the market today.
Have a great day!
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD:
• If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/SGD and USD/CHF on watch for me today.Good morning all,
I hope you're doing well.
So yesterday I was eyeing up a risk entry within the tight flag that had formed on USD/CHF with the view of riding the bearish momentum to the downside which I believed would likely come into the market now that we'd potentially filled all of the buy and sell orders which were inflating the mid-price up, in part because an amendment that I made to my trading plan recently based on the testing that I've done is to try and avoid taking reduced risk entries on the break of tight flags when the lower trend line (if I'm looking to get short is sloping downwards) has a notable descending gradient to it. So I was sat with my deal ticket filled in, about to pull the trigger but the momentum came is so quickly that I didn't get chance to place my order. Had I been able to do so then I would have likely been running at around +2.75% profit for much of yesterday with just over +1% of it locked in. But I'm running a business and self-discipline is far more important to me than not missing out, as indiscipline is largely why many traders blow their trading accounts. So I was happy to stick to my plan and let this investment opportunity go without me, safe in the knowledge that trades are often like buses.
Sure enough, a little while later the investment opportunity which I was looking for from NZD/USD which I posted yesterday also presented itself and this time I was able to catch the risk entry that I was looking for from the top of the larger flag which had formed and once again, once the orders had been filled at the top of this flag the momentum to the downside kicked in almost immediately as I'd anticipated it might. However swap hours then came and with my stop loss now at break even I had to make a judgement call on whether to temporally put my 1% risk back on the table until the spread which can get pretty wild on NZD pairs had calmed down, which I was happy to do based on what the DXY, other NZD pairs and what other correlated pairs were showing me and once the Asian Session had started and the spread had calmed down I moved my stop loss back to break even. However during the early hours of this morning I was alas wicked out of my position to the pip, but looking at how price is moving it would appear that we're likely moving back up to the top of our lower time frame structure to form an even larger larger flag which I'll be considering getting short on once again most likely tomorrow.
So that's a break even trade on NZD/USD for me which Im very happy with which I'll finish documenting and journaling tomorrow and below as always is what I'll be looking for from the market today.
Have a great day!
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD:
• If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/SGD and USD/CHF on watch for me today.Good morning all,
I hope you're doing well.
So yesterday I was eyeing up a risk entry within the tight flag that had formed on USD/CHF with the view of riding the bearish momentum to the downside which I believed would likely come into the market now that we'd potentially filled all of the buy and sell orders which were inflating the mid-price up, in part because an amendment that I made to my trading plan recently based on the testing that I've done is to try and avoid taking reduced risk entries on the break of tight flags when the lower trend line (if I'm looking to get short is sloping downwards) has a notable descending gradient to it. So I was sat with my deal ticket filled in, about to pull the trigger but the momentum came is so quickly that I didn't get chance to place my order. Had I been able to do so then I would have likely been running at around +2.75% profit for much of yesterday with just over +1% of it locked in. But I'm running a business and self-discipline is far more important to me than not missing out, as indiscipline is largely why many traders blow their trading accounts. So I was happy to stick to my plan and let this investment opportunity go without me, safe in the knowledge that trades are often like buses.
Sure enough, a little while later the investment opportunity which I was looking for from NZD/USD which I posted yesterday also presented itself and this time I was able to catch the risk entry that I was looking for from the top of the larger flag which had formed and once again, once the orders had been filled at the top of this flag the momentum to the downside kicked in almost immediately as I'd anticipated it might. However swap hours then came and with my stop loss now at break even I had to make a judgement call on whether to temporally put my 1% risk back on the table until the spread which can get pretty wild on NZD pairs had calmed down, which I was happy to do based on what the DXY, other NZD pairs and what other correlated pairs were showing me and once the Asian Session had started and the spread had calmed down I moved my stop loss back to break even. However during the early hours of this morning I was alas wicked out of my position to the pip, but looking at how price is moving it would appear that we're likely moving back up to the top of our lower time frame structure to form an even larger larger flag which I'll be considering getting short on once again most likely tomorrow.
So that's a break even trade on NZD/USD for me which Im very happy with which I'll finish documenting and journaling tomorrow and below as always is what I'll be looking for from the market today.
Have a great day!
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD:
• If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/CHF, NZD/USD and EUR/AUD on watch for me today.Good morning all,
I hope you're well.
Experience has taught me not to fret when the market doesn't look great at least in terms of how I trade, because when some pairs do shape up the whole Forex market tends to shape up across the board and so it appears to be doing again at the moment. To the extent that I actually found it difficult to leave one or two pairs out of my Tuesday Forecast last night whilst I was creating it and difficult to decide which pair to swap to USD/SGD for this morning after I decided to remove this pair for my forecast due to how it had moved during the Asian Session and that's one of the many reasons why I always say that patience is one of the keys to trading.
With the above in mind I have four pairs on watch today for the first time in a little while and my entry requirements I've included for your viewing as per usual.
Have a great day!
SOYBN/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/AUD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/CHF, NZD/USD and EUR/AUD on watch for me today.Good morning all,
I hope you're well.
Experience has taught me not to fret when the market doesn't look great at least in terms of how I trade, because when some pairs do shape up the whole Forex market tends to shape up across the board and so it appears to be doing again at the moment. To the extent that I actually found it difficult to leave one or two pairs out of my Tuesday Forecast last night whilst I was creating it and difficult to decide which pair to swap to USD/SGD for this morning after I decided to remove this pair for my forecast due to how it had moved during the Asian Session and that's one of the many reasons why I always say that patience is one of the keys to trading.
With the above in mind I have four pairs on watch today for the first time in a little while and my entry requirements I've included for your viewing as per usual.
Have a great day!
SOYBN/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/AUD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/CHF, NZD/USD and EUR/AUD on watch for me today.Good morning all,
I hope you're well.
Experience has taught me not to fret when the market doesn't look great at least in terms of how I trade, because when some pairs do shape up the whole Forex market tends to shape up across the board and so it appears to be doing again at the moment. To the extent that I actually found it difficult to leave one or two pairs out of my Tuesday Forecast last night whilst I was creating it and difficult to decide which pair to swap to USD/SGD for this morning after I decided to remove this pair for my forecast due to how it had moved during the Asian Session and that's one of the many reasons why I always say that patience is one of the keys to trading.
With the above in mind I have four pairs on watch today for the first time in a little while and my entry requirements I've included for your viewing as per usual.
Have a great day!
SOYBN/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/AUD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD, USD/CHF, NZD/USD and EUR/AUD on watch for me today.Good morning all,
I hope you're well.
Experience has taught me not to fret when the market doesn't look great at least in terms of how I trade, because when some pairs do shape up the whole Forex market tends to shape up across the board and so it appears to be doing again at the moment. To the extent that I actually found it difficult to leave one or two pairs out of my Tuesday Forecast last night whilst I was creating it and difficult to decide which pair to swap to USD/SGD for this morning after I decided to remove this pair for my forecast due to how it had moved during the Asian Session and that's one of the many reasons why I always say that patience is one of the keys to trading.
With the above in mind I have four pairs on watch today for the first time in a little while and my entry requirements I've included for your viewing as per usual.
Have a great day!
SOYBN/USD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/AUD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD and GBP/CHF on watch for me today.Good morning all,
I hope that you had a great weekend and that you're feeling suitably refreshed and focused.
On the subject of focus I missed the AUD/JPY trade on Friday which I said on here as early as Thursday morning might be ready by Friday, because my mum bought herself a new phone last week and I was busy transferring all of her details and data over from her old phone and unfortunately I allowed myself to be distracted when the market didn't initially give me the entry that I was anticipating and then I took my eye off of the ball and then of course the market provided me with my entry and had I not taken my eye off of the ball then this trade would currently be running at +4.50% which would in terms of unrealised profit would be one of my most profitable live trades ever. Was I annoyed by this? Yes, initially. But not because I'd missed the trade, these things happen in trading and once you're experienced enough to know what you're doing, to know that trading opportunities are like buses and to know that FOMO and trying to catch any and every trade is one of the biggest reasons why most traders blow their trading accounts you just dust yourself off, document and move on. In fact all I was annoyed about is that I'd allowed myself to be distracted, because not only is this only the fifth time in thirteen months that I've missed a trade, but it's the first time that I've ever missed a trade because I'd allowed myself to be distracted, with three of my other four missed trades being due to me being asleep and the remaining missed trade being due to the fact that I was snowed under with trading related work when I was far less experienced and less organised according to my 'Missed Trades' folder.
But it is what it is. In my ASR (Advanced Self Review) which I completed as I always do on Saturday morning I made a note of the improvements that I need to make to ensure that I don't allow myself to be distracted again and now we simply move on to the next trading opportunity.
Where this week is concerned I think NZD/USD is looking good for a potential short trade investment opportunity which I think might be ready by tomorrow. But where today is concerned below is what I'll be looking for from the market...
Have a great day!
SOYBN/USD:
• If price pushes down to and ideally just below our lower rayline, then I'll be waiting for a convincing impulse back up followed by a tight one flag and then I'll be looking to get long either with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/CHF:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price only pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD, SOYBN/USD and GBP/NZD on watch for me today.AUD/NZD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price pushes up above our lower rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/NZD:
• If price pushes up above our upper rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY and SOYBN/USD on watch for me today.CAD/JPY:
• If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If price only pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll again be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it, but I'll be hiding my stop loss below the lower descending trend line of our most recent piece of structure for extra protection.
• If price pushes down to and ideally just below our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY, AUD/NZD and SOYBN/USD on watch for me today.CHF/JPY:
• If price impulses down below our upper rayline, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price pushes down to our previous low and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If price pushes down to our previous low and the last part of the move is impulsive, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY, NZD/USD, SOYBN/USD and EUR/NZD on watch for me today.CHF/JPY:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply drops out of our most recent piece of structure, it does so impulsively and in a convincing manner a subsequent tight one hour flag forms, then I'll once again be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price corrects and it gives us a flag with two clear tops and bottoms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/NZD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price only pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY, AUD/CAD, SOYBN/USD and AUD/NZD on watch for me today.CHF/JPY:
• If price impulses down below our rayline, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/CAD:
• If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight one hour flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD:
• If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD, EUR/USD, EUR/NZD and SOYBN/USD on watch for me today.NZD/USD:
• If price pushes down to and ideally just below our lower rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.
• If price pushes up above our middle rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/NZD:
• If price pushes up to and ideally just above our upper rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price pushes down above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SOYBN/USD:
• If price pushes up, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Broadening Pattern in Soybean Futures with a Target of 1440Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. Soybean Futures is experiencing a broadening pattern in the respective timeframe. This pattern comes with increased volatility as the trendlines are expanding outward. It is projected that the commodity will rally towards 1440, around the sighting of a gap lower. An indicative stop loss is set at around 1325, a little below the support trend line.
Technical Indicators
There has been a bullish crossover on the short (25-MA) and medium (75-MA) fractal moving averages. Soybean futures are also above the respective MAs. The RSI is above the 50 level with the KST having a positive Crossover. These are all bullish indicators for the commodity.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 1325 price level and a target of 1440. This produces a risk-reward ratio of 2.46.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Soybean futures.