My analysis of the gold buy trade I took after US CPI news. Using a false break to the downside as a trigger, I am looking to ride up to the H1 resistance area
The NASDAQ has moved as anticipated as the CPI news became a trigger for buys I joined in, looking to trade a potential H4 swing up
I exited the NZDCHF buy My read on the CHF was spot on My read on the NZDs underestimated the high volatility obstacles against NZD strength Overall, my exit on NZDCHF buy was very good and timely
In my market prep stream, I was looking for a M15 false breakout trigger for sell setups on equity indices. Now after reviewing again, although I believe the M15 trigger is still valid and could play out, I choose to stay away from trading it because the H1 buyers are still intact and hence I cannot expect a larger move down. I prefer to trade larger moves.
I did not follow my plan for entry-stalking CADCHF and for exits To counter my currently wrong impulses for exits, I should have done the comprehensive speak out analysis video to keep my assessments correct Continuous repetition and training of speak out analysis will help build my instincts, intuitions and turn my impulses from unreliable to reliable and second nature
I think GBPUSD is consolidating before the extreme I am moving my SL down but not taking any partial profits here
I changed my mind on my earlier partial profits plan. Given the extent of the break down, I anticipate that any pullback will take time to develop as it rolls over. Hence, I too will wait for some time to pass before taking any partial profit actions. This way, I retain the optionality of riding the larger move with more (or all) of my existing positions.
The gold sell is working well. I run through my thought process about partial profits management
The trade idea seeks to join an ongoing daily swing up to the top of a potential range
Extended TP to target a weekly buyers area Looking to add in NY session if some consolidation occurs before the break of the extreme
I anticipate a consolidation and a move down on the ongoing gold sell. If this occurs, I will look to add another 0.5% and reduce my SLs on existing positions.
Determining a bearish bias on the GBP group from the UK unemployment news trigger and pairing that with temporary bullish outlook on USD to form and execute a GBPUSD sell idea
Executing on my plan for a H4/D sell swing I am trying to capture on gold.
My plan for a H4/D sell swing I am trying to capture on gold.
Trap, flow, location logic is there A little less confident as the location is based on a longer TF flipped SR hence 1% risk But setup seems compelling
HTF bias does not align But LTF arguments seemed compelling The main idea was a liquidity sweep But should just go with HTF bias; these are risky plays Cut trade already
Trap, flow, location all clearly present More structured scanning and referring to HTF for bias and identifying points of interest
Trap, location, flow logic all aligned Strong HTF bias in this trade