Mhangwane1

Mhangwane1

From what I am seeing there is a possibility to go down all the way down but we are in the middle of a major bullish flag so till we have 3 touches on a channel or a breakout of the pennant. Till then we WATCH&WAIT

Mhangwane1

It may go against our initial forecast but because we are not the market and we are business people. We adjust to what the market says to us. The Macro is uncontrollable but we can adjust our Micro, using the strategy and risk management we follow.

Mhangwane1

On the Nose. Without fail. 1. Impulsive Break Candles 2. Break of pennant and close above 3. Retest 4. Fundamentals NOW WE HOLD

Mhangwane1

Need I say more. We just got in too early yesterday. Due to the strong fundamentals our direction was confirmed and we see just how strong technicals play a role in forecasting.

Mhangwane1

Those with patience will still be waiting, but those with sharp eyes. Will have entered and then be taken out after moving your SL into profits. Now another opportunity is presenting itself so we will wait for it to finish playing before taking action.

Mhangwane1

We entered early. We know the direction, just a very early trade and we will take the loss but we recover and learn. WATCH&WAIT

Mhangwane1

Further development has shown that our prediction is now a better and stronger possibility. 1. Fail to impulsively break previous high 2. Smaller candles, showing a slow down in demand 3. Possible double top WAIT FOR THE BREAK OF PENNAT (IMPULSIVELY), RETEST AND THEN ENTER ONLY IF IT COINCIDES WITH YOUR RISK MANAGEMENT PLAN

Mhangwane1

This part of the reason why your watchlist needs to be limited, you cannot apply the same strategy to every pair. Each commodity/pair they are all like children. You cannot treat all your children the same no matter how their traits are similar.

Mhangwane1

Weird risk and NOT ADVISABLE. It's just a test on a gold edge I am trying to work on. LIMIT YOUR WATCHLIST TO A GOOD 2/3 PAIRS. Once you've mastered your edge on your pairs then try other pairs but also master an edge on them before adding them to your watchlist.

Mhangwane1

After the waiting and watching, we will wait for the Daily candle to close. Once we see how it closes then we'll see just how we act. Forecast - 3rd touch on our channel, impulse candles down, then retest (where we find our entries) Possibility - Break out above the white dot, retest and close above the dot, then impulse upwards

Mhangwane1

We finally hit our desired OIL level, so beyond this we wait and watch. Before we start setting out any executions we'll just monitor it. We are testing a new strategy with OIL so we don't really execute as much.

Mhangwane1

I saw this late but had to deeply look into it and watch exactly what was happening. After all these years, I saw it and was able to quickly zoom into from 1h to 15min to confirm. If we break the neckline and close above, then we can forecast that this is the reversal we were waiting for to the upside.

Mhangwane1

Good Morning NASDAQers This morning we have a short, short 🤣🤣. Confluences: 1. Retest on main trend 2. Main trend (Bearish) 3. Bearish Flag - if you look carefully you'll see it's on the 15 min chart so we watch for a quick entry -ALSO REMEMBER TO FIRST WATCH & WAIT, WAIT FOR THE BREAK AND RETEST BEFORE ENTRY

Mhangwane1

Our desired price hit. NOW WE WAIT & WATCH. Once a retest or break and close happens, then we look for entries

Mhangwane1

Being it a new week, we don't really do much but go over the last weeks mistakes. Note down our forecast (Use the daily timeframe), ZOOM the F out. Close the current running trades, by luck we didn't put a stop loss. Which is a very bad idea, so we can either close or move stop loss into the profit.

Mhangwane1

Reversal to the initial forecasting, so because we are not walls we are dynamic. So we wait and watch

Mhangwane1

We got the break and retest, just did not enter the trade but we did well on the forecasting of it.

Mhangwane1

So close to touching our desired price level, so till it happens we wait and watch. DO NOTHING