GHud50n

GHud50n

Reason for placing the trade: price was in a downtrend and had been respecting the resistance line. we got a nice rejection and then a pull back to the line so i was tempted to go in short Why i think the trade failed: I didn't wait for confirmation that price was going to move to the downside, I should have waited for a candle to close with some momentum. I...

GHud50n

Reason for placing the trade: Price had been reacting against a strong resistance line, we got a nice bit of momentum to the downside. Price was moving bellow the 200MA indicating a sell bias on the market. Price was also moving against the Top BB suggesting the market was over bought so that was some extra confirmation price would move to the downside. I set my...

GHud50n

Reason I placed this trade: I saw that price had broken bellow a well respected resistance level, Price was also moving below the 200 MA so i had a sell bias on this market. when i saw some momentum to the downside i entered a instant execution with SL above the resistance. I only wanted a small trade targeting the previous support but as you can see price has...

GHud50n

Reason for placing the trade: there had been a large bullish push after breaking out of a well respected wedge, so i definitely had a bullish bias. I can't comment on how people draw there Fibs but if you draw a fib from the most recent swing low to the swing high of the move to the upside you can see price had pulled back to the 0.5 fib zone. I wanted to get in...

GHud50n

Reason for placing the trade: price had reacted at a 4H supply zone, we saw some wick rejections on the 1H and some momentum to the downside, i wanted to get in short because previous price action from the supply zone was a nice move to the downside Why i think the trade failed: Firstly i was trading against the trend, price was above the MA on all time frames,...

GHud50n

Reason for placing the trade: we got some nice momentum to the upside after price had previously respected the descending channel before the close on Friday. Its always risky trading a market open but this one paid off, I entered a second position as we got a nice rejection of the previous resistance and as we all know resistance becomes support. I was drawn to...

GHud50n

Reason for the trade: price had broke a well respected trend line, breaking above a descending wedge. we had some wick rejections indicating the sellers were stepping out of the market and a move to the upside was coming into play. I targeted the previous highs but closed part of the trade at 2% and moved my SL to entry!

GHud50n

Reason for placing the trade:Not the ideal entry wanted to enter after some momentum from the 1.12250 rejection from the support, i entered the trade on momentum placing a instant execution as price broke above the previous highs. Some more confirmation other than previous price action was the Boiler band squeeze on 1H time frame indicating a big move! worked in...

GHud50n

Reason for trade, price had shown momentum to the downside and respected the resistance line similar to previous data. I set a sell stop what got triggered and was targeting the previous lows Why the trade failed: the main reason was i placed the trade late on Friday so the market closed and re opened with a large gap above the trend line almost instantly...

GHud50n

Only if we see a nice open price, the TP level is ambitious as it breaks the previous higher high, so if price comes to that level keep an eye on it. the price is also crossing the 20 MA indicating a bullish move in play

GHud50n

focusing on candle stick confirmation

GHud50n

Reason for placing the trade: price was respecting a sideways moving wedge, had a strong wick rejection on the 4H time frame suggesting a movement to the downside, entered a sell stop but got triggered in and hit SL unfortunately Why I think the trade failed: price was above the 200 EMA on D,4H,1H suggesting a bullish bias, the stochastic also indicated bullish bias

GHud50n

Reason for this trade: price has been respecting the decending wedge, we saw that price was reacting with the descending support forming a lower low. I waited for some momentum to the upside and targeted the resistance of the descending wedge. I placed the trade simply of momentum and precious price action. I want to start including more confluence to my positions...

GHud50n

Reason for this trade: price was respecting a descending trend line. Price had came back to retest this trend line and we got a nice rejection suggesting a continuation to the downside. Price was towards the downside on the D,4H and 1H for my second position this was a good confirmation that i wasn't trading against the trend. I entered the first position on some...

GHud50n

Placed two positions! reason for the first trade: Looking at previous price action there has been strong rejections from the 4H resistance so I was waiting for price to react with that level. I wanted to see lots of momentum to the downside and thats what I saw. i probably entered the trade early i should have waited for a pull back to that level then enter in on...

GHud50n

reason for entering the trade: price was in a down trend on the D and had a pull back to the 0.382 fib zone. There had been a reaction from the 4H supply zone suggesting a move to the downside. I entered in on momentum after the small pull back targeting the previous lows. I moved my SL to entry so didn't take a loss Reason the trade failed: I think the main...

GHud50n

Reason for placing the trade: price has been respecting the descending channels forming lower highs, we had a close on the 4H time frame above the resistance suggesting a continuation to the upside the second candle had a long lower shadow suggesting buyers were stepping into the market so i placed my trade with my SL below the structure and targeted the previous...

GHud50n

price broke the support line indicating a move to the downside, price had a big rally to the upside so looking at previous price action after a big rally you get a reversal. I was going against the trend so i placed a sell stop what would only be triggered if there was momentum to the downside. there was some nice momentum with a small pull back where price had...