Mhangwane1

Mhangwane1

Had a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there. Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening...

Mhangwane1

NEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and...

Mhangwane1

Another stop out. Inverse H&S so we were anticipating the uptrend. Watch and wait.

Mhangwane1

Stopped out. We watch and wait. Rejection of 184.15 - we anticipated to keep going up after the break and retest

Mhangwane1

We got to 50% of our aim, with SL moved into profits we should have been stopped out earlier than when it went for our initial SL. Here we now wait and watch. 37500, important price level

Mhangwane1

Late trigger but it was amazing forecast and mid analysis. Here we are now looking to scale in and do more. Move SL into profits we do not run a non profit. 37600 - 37630 (Area of significance) - bounce and rejection, with candlestick confirmation is a move up - impulsive candlesticks down and rejection means we are drowning price again.

Mhangwane1

Analysis is off, but forecast was right. Here we are learning and doing better each day. Had I opened up my laptop yesterday, I would have possibly seen an opportunity to enter the bull run. That's the lesson we learn as being managers of funds. Break of 16640 will be where we start looking for more opportunities.

Mhangwane1

Beautiful entry and the timing is perfect. Stay watching 144.00. - break and close above will see impulses up to test previous highs - bounce and close will see the melt continue

Mhangwane1

We clearly have an early tendency, meaning we need more confluences before entering. Following the wave and awaiting a new entry chance in order to fully succeed here. Stay watching 183.5 - rejection candles and impulsive bearish candle means we keep sinking - break above, close and rejection above here we are moving up

Mhangwane1

This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in...

Mhangwane1

Was about to put a buy limit at 183.45 but then I looked left and looked at what happens after price kisses 184.35. 4H - Movement up has a lot of traffic (candlesticks) - HH's & HL's * Evening star giving us that last touch - bounce on 183.5 is crucial point for next move - Close below 183.24, with a followed reject we know we are going down 1H * H&S - break of...

Mhangwane1

I have no reason to be bias but you can obviously see the appeal. 4H * High (146.00), tested twice *Low (140.200), triple bottom 1H * Trend = Bearish (Zoom Out) * Rejection of 146.00 * 1 more confluence and we place sell stops and market execution 15Min - just wait for market open and candlestick close - this trade is very profitable, inline with our plan -...

Mhangwane1

Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance 4H * Bullish engulfing candle of the low - doji followed and a possible hanging man - dive deeper for more info 1H * Bounce 3 times at 16425 : which usually is the beginning of an expected breakout - there's a potential 4th touch - next...

Mhangwane1

Not the week of being a chancer, and we clearly see that. I think I had stated because of the RR I will not take this trade and I am happy I did not. Was tempted to place an immediate entry after posting this forecast. Good thing we are here to learn and be better every single day.

Mhangwane1

We were triggered and stopped out. Which is good news because we know exactly what it means for out support, that it is still valid. We should then be looking for buy entries, either from retests or reverse candlesticks.

Mhangwane1

This did not pan out the way we expected. But because we had sell stops and they weren't triggered we are still okay, now we wait for the move to the next level before we add or minus anything.

Mhangwane1

ZOOM OUT, GO TO THE BIGGER TIMEFRAMES, THANK ME * LL LH * Pullback wave * trend = bearish

Mhangwane1

We had the wrong thought and were in the opposite direction which is okay because that trade was not taken. Due to low confluences and a weak RR, so technically we were correct in our analysis but wrong in our forecast.