so this is a mini over look on a fake out this was interesting as we was moving up we never made any new LL we was still making LH we can see this on the 1HR time frame this is why the higher time frames override the lower as if we went to the 15mins TF we made a new LL
but adding this with a strong area of price and now retesting this as support adding more...
so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time
my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at...
hi guys so a quick lesson on trading corrections if we can confirm a middle section within a pattern this has a higher probability on what price will do next we then filter on the lower time frames for a tighter entry
we only trade in probability and we accept any outcome with any trade we place and having the right psychology we make you a better trading in the...
so this breakdown shows 2 outcomes and what is possible in both situation and your trading psychology behind both sets up ? can you accept this 1% loss knowing that this trade shows and lines up with the higher time frames ?
and seeing how we got there with some strong momentum would this put you of this trade ?
biggest issue behind trading falls from your...
so iv done a little video before breaking this down and why this is important to look at price action over anything else along with trends being your secondary tools and understanding what we,re seeing within price structure and how we,re falling within this pattern and letting the markets give us a clear messages hope you enjoy this breakdown :)
this was a fantastic trade looking at the psychology behind why this trade was taken in the first place we look left and see just before this trade we had 3 high top area, 2nd taking out the last high then dropping or if we trade supply or demand you will understand what this was doing IE filling more orders up so in this case comes back taking the retailers out...
Entry = 1002.2
Stop Order =994.1
Target (4%) = 1040.4
The reason why I placed such a high target was that the trend was so bullish, 3% was already achieved by the succeeding candlestick, I therefore increased my target by an extra 1%.
I also indicated other suitable entries. Platinum is certainly an area I will take a great deal of interest in.
I have adapted my strategy slightly here.
This time my stop order is only 5 pips below my opening candlestick. My target is still rather conservative at 1%, but this will allow me to accumulate trades later and increase the overall profit from this original trade.
Stop order = 1539.3
...Election results come in...
(for which party will be in government). which results in a rise or fall in GBP
due to it's significance (in this instance it was seen as a good result and GBP rose).
-We know there is going to be volatility, so we can profit regardless of whether the
price goes up or down as when the price reaches certain points (A if price...
IF USOIL CLOSES BEARISH ON LTF THEN THIS IS A POSSIBLE TRADE IDEA WHICH WORKS INLINE WITH RETOUCHING PREV STRUCTURE, THUS FORMING A INVERTED HS PATTERN
If daily doesnt close below the range box today then expect a push up