Mhangwane1

Mhangwane1

Took 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.

Mhangwane1

It'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.

Mhangwane1

As we saw earlier it pushed back and we formed a inverse H&S application. And that should have not put us in loss because SL should have been in profit.

Mhangwane1

Even 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.

Mhangwane1

I 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.

Mhangwane1

I have nothing to say buy just to laugh, honestly. We are still right but our stops keep getting hunted, I hope your sl was either at BE or in profit.

Mhangwane1

I 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😁😁

Mhangwane1

Weeks 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.

Mhangwane1

Nice 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)🤣🤣

Mhangwane1

I 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

Mhangwane1

Like 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

Mhangwane1

I 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...

Mhangwane1

I 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.

Mhangwane1

My 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.

Mhangwane1

I'm proud of this because it has taken me over 50 forecasts on oil to get 1 right (Even though it was shy a few pips). But I guess the older traders were right in saying "Always believe in your analysis". Just to show how crazy it is, Look at even how I drew the pullback.🥲🥲

Mhangwane1

My analysis hasn't changed but my forecasting is slightly easing towards waiting more and more. It is moving slower than I thought so possibly we might get a turn before our forecasted direction.

Mhangwane1

Alexwambui, I wanted to send you this via email but you didn't respond. I wanted to say this is where my forecast is directing me and showing me.

Mhangwane1

We are slowing getting there and when we get there, that is another point to the skill. How it gets there is not always clean but it is possible.