Mhangwane1

Mhangwane1

Bigger timeframe has shown us LL and LH, therefore we are sinking. We should not be looking to fight the trend but follow and capitalize. So it to be clear and straight forward we will wait for one the rectangles to be hit, retested and candlestick confirmation in the area in order to decide what we are doing. With that gap we can guarantee that the gap will...

Mhangwane1

Welcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should...

Mhangwane1

Just an update into the "trade" if we had taken it. It is an okay trade a 5/10 according to my trading plan. This is still good for those scalpers looking for quick trades with quick bucks. We just broke the high but not by much, which means there are sellers trying to regain from the close of last week. If you had taken this trade move SL to either BE or just...

Mhangwane1

High 16862.3 (Dec 2023) last reached in Nov 2021 Bullish since 2023 started - lots of retests (bearish channels and fake-outs), prepare for it. 16698 - 16843 = straight channel - both lower end and higher end have been tested more than once therefore looking like a waiting moment Go down to 15Min you'll see the candle tell a story - the last 2 to touch the...

05:31

Mhangwane1

Sunday Session We watched from last week that the market has played out in such a way that NFP was a needed element to the movement. We saw the double sword of the results of NFP, one because they was too much excitement but also because the actual to the predicted varied very much. We are bullish in our forecast and that won't change anytime soon unless we get...

Mhangwane1

This has to be my favourite trade of the week, missing TP by just a few pips but its good because we do not donate to the market so SL should have either been at breakeven (but that would have taken you out very early as the entry level was tested more than 4 times. No we see the pull all the way down and we wait and watch in order to get more information of our...

Mhangwane1

137.97 This is where I will be setting my Buy Limit. If you zoom out and look at previous data, it was once a rejection point and then a level of sensitivity. So this Level once reached will be we have a buy limit ready and after the rejection we will place more buys to upside. Should it not reject and break right through our level of significance then SL will...

Mhangwane1

Damn what a demand but we take the supply and learn from it. This clearly shows there was more fundamentals behind it than we had initially thought. So for now we watch and wait till we hit another significant level.

Mhangwane1

More than enough for the day. We have hit another significant level, therefore there's no need to be greedy. Either close, move SL into TP or move SL to breakeven.

Mhangwane1

COOL STUFF The skill stays getting sharpened. We were inline with the market and the direction with the ghost pattern. Now we reset and put in our channels to watch just how we are going to face this week. With the month end approaching UJ has a sensitivity to Fundamentals, especially those with many orders placed by other traders. If we do get a trade this week,...

Mhangwane1

15530 - Our significant level This price will determine if we sell or we buy. Bounce on it will be a signal to buy. Break of it and retest will signal to sell. Whatever is to happen for now we stay far and just watch as it will be irresponsible to do anything based on feelings.

Mhangwane1

A lot is happening but the levels are the most important thing I am looking at. The small yellow channel is what I will use to base my trades for any possible sell. A break of the channel. retest and impulsive continuation. All the way to the lower level which will be the bigger aim. Once there we will look for buys to the upside. Yet getting closer to the end...

Mhangwane1

This is the simplest way I can explain this because the way I try to put down my ideas is not easily understood. The Ghost Patterns are what I would require in order to take a sell. Not going to risk it but going to use experience and proper planning in order to successfully trade. No guessing, the blue levels are the significant levels which are sensitive to movement.

Mhangwane1

We took a late entry on this, not were our forecast was but we still made enough to add to our daily target. We reached it and crushed it. Did not expect to go in and out that quick but remember we do not own the market we are just participants of the movement. Even after everything has happened there is still more information we need to pick up in order to...

Mhangwane1

Not what we expected but it's good that it happened. We moved SL into profits before SL hit, so we were out before anything. Remember that you are a manager and not just a gambler, so follow your plan. Plan your trades, and trade the plan. There is still opportunity to re-enter but the day's goal has been reached so we close tabs and we'll be back tomorrow in...

Mhangwane1

A strong retest would have better had it happened before the drag down. I had not yet set my sell stop but had put this on my chart. There I'll wait before entering. The blue rectangle was an area of sensitivity, our channel was showing the pullback/slow down of the big trend. Now we are in a new phase, so we watch for fakeouts and long bearish pressure

Mhangwane1

This is the first wave of our upside. Rejected and bounced back up, therefore showing 142.00 is our support and as such we expected the bullish move. Now we wait for break of structure and retest of the break and continuation before entering. With clear and direct rules, we mess with money and miss what the market says according to our plans.

Mhangwane1

We would like to see a break of structure whether upwards or downwards in order to take a trade. The chanel we are stuck in suggest we should expect a break upwards but with refinement and zooming in to see candlestick formations we are seeing a possibility for the downtrend. Either way we wait for break and retest then entry before a definitive forecast is...