saywulahi1

saywulahi1

As you can see price has been making higher highs and lower lows for some days now having previously broken out of a breakout range structure on the daily timeframe. I did take the trade however price retraced giving me a break-even trade. now price has broken out of the range structure again and giving us very strong momentum. in conclusion. the reason we took...

saywulahi1

was you can see price has been trending upwards and has now formed a typical wedge. as always when trading us 30, keep positions sizes small, expect volatility and drawdowns, be patient with the trade. THANKS FOR READING

saywulahi1

thanks for reading

saywulahi1

no need for a backstory. just a reminder to stay patient in all aspects, stick to the plan, and keep trading.

saywulahi1

price has been making higher highs and higher lows however there has been some resistance. its only a matter of time before price EXPLODES up. so be patient and don't get upset if it goes wrong

saywulahi1

as you can see, price has gone in our favour.... for now. to be honest I just made this post because I have finally broken out the short term trading mindset. and it has taken me a year to realise this, I spent so many hours looking at videos from traders like " how to get better entries in forex", "winning RSI divergence strategy", "how to use moving average...

saywulahi1

just like GBP/NZD we have a classic break of a range structure and clear momentum. just like GBP/NZD are stop loss is 100 pips and our take profit is 1000 pips. if you guys wanna take this trade also go ahead. good luck

saywulahi1

as you can see we have a clear break of structure and a clear momentum shift. this is one of the 2 things I trade. however after some thought I have decided to increase my risk to reward ratio. and my stop loss and take profit have doubled in size. before my stop loss was 50 pips and my take profit was 250, now my stop loss is 100 pips and my take profit is 1000 pips.

saywulahi1

if price can breakthrough the top key level then I enter the trade with a 1:3 risk to return ratio ( 50 pips stop loss 150 pips take profit )

saywulahi1

since my last trade on oil, price has finally broken out of the range and is making clear bullish momentum so we now know that we are in an uptrend. all we need to do now is wait for price to retrace/pullback, scale down to the 1hr timeframe and wait for the momentum shift to the upside. one thing to be aware of is that when price retraces towards a previous...

saywulahi1

here is a trade I took about not to long ago. as you can see price was moving in a typical uptrend there was an opportunity catch a great move, once I entered price was pretty choppy however I stayed patient and I'm up 12.5%. - stay patient - wait for quality trades - be logical and realistic when doing analysis - trade with the long term trend/momentum -...

saywulahi1

price reversed in the opposite direction and that is okay, This pair moves quite quick anyway so it won't be long until we get another opportunity to trade. stay patient

saywulahi1

as we can see price has been trending in a typical downtrend showing lower highs and lower lows. however price has now retraced to a previous key price level and is now showing consolidation. all we need to do now is wait for the institutional money to exchange their liquidity and essentially begin the momentum shift to the downside. once this is complete we enter...

saywulahi1

look out for gbp/chf for the next 2/3 weeks

saywulahi1

LONG USD/CAD

saywulahi1

AUD/USD has been ranging for some time now and has now reached back to a sell zone. the reason I am bearish on this currency pair is because this ranging structure is still relatively new and the longer something ranges the higher a chance it has of breaking out at a major level so we shouldn't have to worry about any breakouts occurring in the opposite direction...

saywulahi1

a rising wedge pattern has formed which shows that selling momentum could occur. price is also in a sell zone which could also start the reversal, however with the recent volatility I would suggest waiting because I don't think the trend is over yet but could stop soon

saywulahi1

watch oil closely for any uptrend patterns...