Mhangwane1

Mhangwane1

If you didn't close or move SL into TP your morning is a cup of tears. Manually close, we are seeing a reversal possibility

Mhangwane1

I honestly thought this would trigger tomorrow but bottoms up right. Either way move SL into profit if you are going to sleep or close with your current profit. Riders and chancers will let it either hit SL or TP, (NOT RECOMMENDED, THAT THING ABOUT TIME AND BROKERS)

Mhangwane1

Watch it as there is potential for an explosive candle which will either be bearish or bullish which will wipe out some orders. This will be to direct the momentum that the market wants to go.

Mhangwane1

On my trade TP hit, here we are just a few points away. So different brokers obviously offer different spreads and this will affect your trades, so take that into consideration with brokers.

Mhangwane1

Here my analysis hit SL, but my actual trade hasn't hit SL so now we in Profit and we move SL into profit.

Mhangwane1

Not a good week, I think this weekend is meant for a regroup and refinement. Need to leave the markets for a bit and reconfigure my thinking.

Mhangwane1

It had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house...

Mhangwane1

Not too much to explain but those that see, do. Those that don't I'll come back to explain, kind of caught up with some other things.

Mhangwane1

I had FOMO from not entering the market this week, this was practice analysis. Didn't take the trade but just monitored. Missed the TP by a few points, but that further suggests that our trading edge is sharp but could (and will be) a lot sharper.

Mhangwane1

I saw this possibility on Monday. Told myself that I would place a sell stop but I didn't get to it.

Mhangwane1

Only have this because we recently had a petrol price (gas/ fuel price) in South Africa. This usually happens before the price rises again, when we get cheaper prices it's the scraps of the current production. That's why our prices are never inline with the world average.

Mhangwane1

Same as US100, I went in without a SL. My forecast and market structure all had a hand to add in my belief of direction. Yet it was risky, it did pay off and my TP was hit, think due to spread offered by my broker. Tomorrow is another striking day, so let's prepare and put on our belief and education.

Mhangwane1

It was a good in and out analysis, but because I didn't anticipate it to enter so early I got stopped out. But it was a good lesson, in that check the time frame you are forecasting in so you know how often you should check if orders have been triggered and when they are just how much managing needs to be done. (excuse the bad English composition)

Mhangwane1

I really was too early yesterday but this time our risk paid off. With the possibility of a possible stop hunt, I went in with no SL but had a TP which was inline with my trading plan.

Mhangwane1

You should not be waking up with a smile but with a clap for the hardwork and skill that you have built thus far. On to the next, bigger and better.

Mhangwane1

Still running but SL is in TP. We running quite well and very strong. So sleep on it and let it hit TP ............or SL (which should be in profit)

Mhangwane1

Same as US30, it chewed and spat my folly right back at me.

Mhangwane1

Took this rick earlier and it threw me right out but I'm still with the belief of a bearish direction. I have more sell stops in mind but only to be placed after an impulsive bearish candle and retest