Mhangwane1

Mhangwane1

By far my favourite of the week, because I did not understand what it was telling me so it forced me to stay out and watch. Which was interesting because US30 showed me something. Remember they are SIMILIAR not THE SAME, so therefore treat them like your children who have the same likes but different make ups and behave how they want.

Mhangwane1

In the morning there was rejection around this blue rectangle, so I risked less than 1% and took the trade 🙅🏾‍♂️ which was a big no no. Got burned and we learned a lesson.

Mhangwane1

Yesterday we had a great trade 1:3 RR, and we fully capitalized. Couldn't post due to the maximum of 10 posts reached. Today I was busy so I couldn't forecast effectively. See each other on Sunday for weeks forecast

Mhangwane1

I could post yesterday as I reached my maximum of 10 posts (Free package). But our friend here finally broke down like we predicted. Unfortunately I was busy today and missed the trade but it was a good RR for those that took it

Mhangwane1

90% rule achieved. So we WAIT&WATCH. Didn't enter this one or Nas100, we were just standing a far a learning.

Mhangwane1

Due to the pullback, our SL was hit but it was in profit. THE MARKET IS NOT YOUR FATHER, SO PAY YOURSELF If it is a retest, we wait for the rejection and then enter once again.

Mhangwane1

Just a practice pair not one that we really have on our watchlist, but trading is a skill so we always try to better our edge by practising.

Mhangwane1

Broke our prediction but followed the rules the way we had analyzed. 1. Broke the reversal channel 2. Impulsively violated the channel 3. Retested before going down 4. Bounced off the blue rectangle and shot down

Mhangwane1

Our forecast is being violated and that is good for us because we learn from that. Because we had anticipated it differently we don't immediately enter, we look for the correction and break in order to join the movement.

Mhangwane1

Close under this blue rectangle will further give us proof that it is tanking. We watch, wait for the close below the blue rectangle and wait for another 2 confluences before entering.

Mhangwane1

Move your SL into profit or breakeven, THE MARKET IS NOT YOUR FATHERS HOUSE, we just manage and look for more entries to double our money

Mhangwane1

Looks really good, I'm still not fully convinced. The US economy is recovering so the downtrend could be over. For now I'm sticking away and watching.

Mhangwane1

The last post spoke about the inverse H&S I could see. Let's just keep waiting and we'll see just how it acts.

Mhangwane1

I thought I'd stay away because the week is a bit hectic. But this is where I find my self and my thoughts. After a 3rd touch we usually see the 3rd touch on the other side to confirm a channel. With this one in order to fully confirm the buy/bullish trend. We first wanna see the 3rd touch on the bottom part of the yellow channel before the impulsive candles come...

Mhangwane1

Nas seems like a inverse H & S, but with how I am feeling. I am staying out the market and only watching.

Mhangwane1

Lost track of what was happening and we lost this one. Sit back, WATCH&WAIT

Mhangwane1

Tried the early bird thing but clearly we shouldn't have. Wait for the close and your entry and then ride it all the way down.

Mhangwane1

1. 3rd touch on the bearish reversal channel 2. smaller channel formed in the bigger channel 3. Retest for the broken channel 4. Broke downwards impulsively, created a large bearish reversal channel (as the retest) We have been waiting for GJ for about 2 weeks to give us a clear sign of direction and where it is going to but finally we have a clear move. Gamblers...