Mhangwane1

Mhangwane1

Like GJ, I'm waiting on the possible structure formation. It's not support and resistance, it's the points of interest that'll direct my next actions.

Mhangwane1

NOOOOO It's not Support and Resistance🙅🏾‍♂️🙅🏾‍♂️🙅🏾‍♂️🙅🏾‍♂️⛔⛔🚫🚫🚫. I am seeing a possible inverse H&S, so I'm waiting for the formation of the other shoulder or a break of structure. With this info that the market has currently given, it's a short risky trade I see. So it's not what I want to babysit, I'd rather wait for the larger possibility. (inverse H&S).

Mhangwane1

New direction possibility. Knowing that we are not walls in our thought process, we are not held down directionally but we are dynamic and go with the market. We are waiting for more confirmation of the new direction possibility. 1. Highest point reached, therefore there needs to be more supply (stop orders from gamblers) in order to fulfil the demand (higher...

Mhangwane1

Protected, don't know why I didn't do this with UJ. The market is not your parents house, so don't overstay your welcome. Now we wait and watch.

Mhangwane1

I'm watching and waiting till it hits the blue rectangle, how it behaves there will determine which direction we will follow the market to.

Mhangwane1

I'm looking at this trade and I'm hysterical because I told myself that it's going to come back so move you SL. I said this before closing my laptop, but I guess it was louder in my head then the actual action of doing it.🤣🤣🤣🤣, it's one of those that are not bad because my plan accommodated the possibility of the loss.

Mhangwane1

The blue rectangle is the SL, now let it run. There are more possibilities we are waiting for but till then we wait.

Mhangwane1

It missed our Sell Limit by a few points, so now we wait and watch for a new entry.

Mhangwane1

This would be the time I'd be setting the sell stops, but also look out for a retest because the movement is too slow.

Mhangwane1

Not gonna happen soon, first wait for impulsive break down and retest before entering. My day might be busy tomorrow, so I'm just giving ideas where my head is currently at.

Mhangwane1

WEDNESDAY. Boom, it happened exactly like we forecasted last week and early this week. Those that placed and got rewarded well done. Close your laptop, withdraw your profits and go spend time with friends or family before your try to overtrade.

Mhangwane1

We weren't right, we weren't wrong. We were just on the side of the market demand and got in where supply started. With the many many many hours and fails, finally we have an idea of where we are going to. BELIEVE IN YOUR ANALYSIS.

Mhangwane1

Another possible entry we just waiting for either the pullback or consolidation, before setting up sell stops. The blue line/rectangle is our entry point. 1. Impulsive candle down 2. Pennant 3. Awaiting 3rd confirmations before entering

Mhangwane1

I forgot to check it, I quickly hopped in the shower😂😂😂😂😂. The blue line was my buy limit entry and my TP hit with one candlestick.

Mhangwane1

If you have practiced and back-tested, you shouldn't do too much to see where we are going. 1. Pennant 2. Correction 3. 3rd touch 4. RR is inline with trading plan

Mhangwane1

Last week I said this week we expecting a very explosive market in GJ. Today is Wednesday and the accumulation of the candles is showing signs of a impulse coming. Stay neutral, WATCHING & WAITING.

Mhangwane1

Now going into this with a new and different mindset, in that all in. My current view of the market as no fundamentals factored in, but I will later adjust according to what I read, see and hear.

Mhangwane1

New possibility of the upcoming week and a quick in and out, but I'm not going to enter because RR is not inline with my trading plan.