Mhangwane1

Mhangwane1

More and More confluences are confirming our bias and just what we waited for. 1. Strong push above blue rectangle 2. Correction (current price) 3. Break to the upside impulsively (awaiting this before entering)

Mhangwane1

Missed the entry but it is beautiful😭😭😭😭😭. Typical break and retest and continuation.

Mhangwane1

I'm just waiting for the break of the smaller channel before making a decision on what I will be doing. No confluence = no entry

Mhangwane1

I didn't see that I did not finish off the forecast on the previous GJ idea. The idea was going to be correct just the timing of the movement would get me

Mhangwane1

This is as close to how I believe the price will play out. Due to my strategy rules, GJ might be on ice foe a week before I consider entering or even looking for a possible long term view. Like UJ, I'm seeing signs of pullbacks (Hard and long ones) that are meant to empty accounts in order to supply the direction it really wants to go.🤔🤔🤔

Mhangwane1

Being that we starting again, I cleared my charts and started my analysis from scratch to prevent a bias. From my quick and simple analysis, I am anticipating a inverse H&S. Until it happens I am not moving, there is still the probability of the drop. Also how towards the close of market the market was indecisive, shows the imbalance. That imbalance also tells us...

Mhangwane1

This week I am coming back, my mental space is better and I have a more positive outlook. First Chart I opened was Oil and being in South Africa, the crude oil prices directly affects the tariffs our gov charges. As we wait to hear possible discussions of decentralizing fuel prices. For now we continue the normal status quo

Mhangwane1

Let's help each other in order to be the best we can be. It's easy to pile up losses when all you have is YES men/women around you.

Mhangwane1

Due to knowing where my head is I didn't really follow too much but just forecasted didn't enter though. But those of you who did I hope grocery money taste good

Mhangwane1

This Is Also Highly Possible, So Please Don't Just Take What I Am Doing By Face Value. PLEASE GO AND DO YOUR OWN ANALYSIS AND FORECAST. Top Down Top Down Top Down Top Down ALWAYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Mhangwane1

Haven't really been on the markets and didn't do my Sunday review which is not advised. Even this idea is not stable as we've been in a bearish market and this pullback/reversal could be coming to an end. DO NOT EVER ENTER THE MARKET WITH AN UNCLEAR HEAD.

Mhangwane1

Beautiful, we didn't get a full pullback but we got one and now we looking for entries to go all the way.

Mhangwane1

Just how we forecasted but we are anticipating a pullback which will be the real entry we are waiting for. As traders we shouldn't be in this trade unless we in and out. We are smart not stupid, so we only enter after the pullback. The importance of a pullback is more than we think, it is actually an indication to confirm the direction we have forecasted.

Mhangwane1

We just wait for the reject and then we get in and milk the market.

Mhangwane1

Those that held, well done and now we look for the actual trade we've been waiting for. Larger levels hit by price allow for longer and better moves into the market. So now we clear our screen of the history so that it does not make our forecast biased.

Mhangwane1

Market closing at 23:00 did not allow me to close what I had seen forming so when the market opened. It banged on my SL, lesson learned is that we were too early but now we wait and watch.

Mhangwane1

I call it honey suckle because of the Maple Syrup. This is not part of my watchlist because I have not backtested it and neither do I want to have a lot of pairs on my watchlist. So this was a practice with our trading edge but because it's not on my watchlist I did not monitor it. Only now checking how the practice went. I guess our forecast was more than right...

Mhangwane1

Very small, due to the zooming out and the proximity of price. Once price has finished testing we will see a break up, so don't set out your buy stops just yet until the retest is over till then stay calm and patient. It is about to be a blood bath especially because it is month end so keep watch of fundamentals as well.