UnknownUnicorn3986846
THIS WEEK IS ELECTION WEEK!!! 1) Go Vote and 2) we should see some interesting movement with the US Dollar. Ideally I would like it to continue to the up side since a Daily high was broken and I have a nice setup on EU, but it also does have the potential to get weak so I will wait until I have confirmation. The Yen didn't break the high I was looking at last week...
Reason for Entry (R/R) : DXY Inverted H/S at Daily Structure, Break and Retest of 1H Structure away from Daily Resistance on GU, Continuation M printed on the 1H, 50%/61.8% align with neckline of M, EU looking to sell as well. Outcome/Lesson : Feelings going into trade : A sell limit at the 61.8% would have been a much better entry now that I am looking at it...
Reason for Entry (R/R) : DXY formed Inverted H/S at Daily Structure, Massive rejection last Friday from Daily Resistance on EU, H/S formed on the 1H, Continuation M formed within right shoulder of H/S 61.8% lined up with neckline of H/S and M, Sell Limit placed. Outcome/Lesson : Feelings going into trade : Interesting time for entry but could see exhaustion...
Reason for Entry (RRR) : Trend overall bullish, Level 2 MM (Market Maker) Cycle, Break and Retest of 1H Resistance, Hammer Candle printed on the 15m (1:2,1:3) Outcome : TP1 hit 30mins after entry. SL to BE. Risk free trade for 1:3 contract. TP2 Smacked Feelings going into trade : After studying the Market Maker Method these last few days, this entry became...
Reason for Entry (RRR) : Trend overall bullish, Level 2 MM (Market Maker) Cycle, Break and Retest of 1H Resistance, Hammer Candle printed on the 15m Outcome : Feelings going into trade : After studying the Market Maker Method these last few days, this entry became clear as day and I feel way more confident entering off of the 15m now. TP1 nearing before I...
FORGOT TO POST ENTRY!! Reason for Entry (RRR) : D and 4H Bullish, Break and Retest of Daily Resistance, W on new support and trendline on the 4H, Morning Star on the second leg on the 1H Outcome : Didn't hit TP but pulled out at resistance cause price started to wick. Did recoup my account from the losses earlier this week. Feelings going into trade : I do...
Reason for Entry (RRR) : Counter trend trade, W forming @ 4H Support, Price hasn't retraced from previous BOS, USOIL fell, 1H hasn't closed past previous structure created (R/R Twin Trade 1:2, 1:3) Outcome : Feelings going into trade : I don't usually take counter trend trades but because of USOIL hitting my SL on previous trade, it gave me inclination to...
Reason for Entry (RRR) : Counter trend trade, W forming @ 4H Support, Price hasn't retraced from previous BOS, USOIL fell, 1H hasn't closed past previous structure created (R/R Twin Trade 1:2, 1:3) Outcome : Pulled out of trade before SL was hit. Oil took off in intended direction after stop hunt. Feelings going into trade : I don't usually take counter...
DXY is still falling like it can't get back up so I am still short on USDXXX pairs and long on XXXUSD. I would like to see pull backs on the 4H but it is looking like 1H pullbacks are all we are getting this week if the DXY continues it's momentum. First week of FTMO challenge. Wish me luck!
Reason for Entry (R/R) : Daily-Bullish 4H-Bullish Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3) Outcome : SL Hit. Looks like buy entry was too early. Setup should come sometime this week. UCAD making...
Reason for Entry (R/R) : Daily-Bullish 4H-Bullish Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3) Outcome : Feelings going into trade : Confident in setup getting multi-timeframe confirmation....
Some of my setups from last week I missed because my entry weren't as on point but the directional bias was great! Also, since the Dollar drops was so volatile, I didn't get many rest of the structure I was looking to take entry off of so that prevented me from taking entry as well. USDJPY was the only position I took and lost my first entry. After my SL was hit,...