Getting my forecast right 2 times in a row is such a big event. It has taken me time to get to a point where I don't care about what "mentors" are saying🤔🤔🤔😎😎😎. GJ, after back-testing, practice and over 10 blown accounts I have finally understood a part of it. Long term we going for a while but I want to ride the waves along the way. Thank You for those that read...
😂😂😂😂 Lesson Learned 😂😂😂😂 Because I got too excited for the set up, the previous buy stop I set was 161.300 and not 161.030. So I just have to be more patient before adding any trades as it will mess with the trading plan. Plan your trades and trade your plan. Initial idea was to get in before the break, after neckline retest add more trades. This was to ensure...
I had already entered an early trade of this as a risk but if we get the close I'm anticipating of the next few candles then I will place that buy stop and let it run. I will only adjust here and there according to SL and price structure. 1. Inverse H&S 2. Break, retest and continuation 3. Break of inverse H&S shoulder line 4. In the Correction phase
I've put 2 trades next to each other so you can see which type of trader you are, or which one serves your trading plan. It's the weeks forecast with all my analysis done (Starting from the 4H chart going down to 15 min). FOLLOW YOUR PLAN AND STICK TO IT
NOOOOO It's not Support and Resistance🙅🏾♂️🙅🏾♂️🙅🏾♂️🙅🏾♂️⛔⛔🚫🚫🚫. I am seeing a possible inverse H&S, so I'm waiting for the formation of the other shoulder or a break of structure. With this info that the market has currently given, it's a short risky trade I see. So it's not what I want to babysit, I'd rather wait for the larger possibility. (inverse H&S).
Protected, don't know why I didn't do this with UJ. The market is not your parents house, so don't overstay your welcome. Now we wait and watch.
This would be the time I'd be setting the sell stops, but also look out for a retest because the movement is too slow.
WEDNESDAY. Boom, it happened exactly like we forecasted last week and early this week. Those that placed and got rewarded well done. Close your laptop, withdraw your profits and go spend time with friends or family before your try to overtrade.
Last week I said this week we expecting a very explosive market in GJ. Today is Wednesday and the accumulation of the candles is showing signs of a impulse coming. Stay neutral, WATCHING & WAITING.
Watch this explode next week. This consolidation if you have back tested GJ, then you should know what to look for (adjusting accordingly to your plan, not to what you saw on IG). Next week either market open or mid week we are going to have an explosion. Using my experience from back testing GJ, it will usually hit both sides (It triggers both sell stops and buy...
GBP JPY.... last nights fed speech helped GJ create the double top on the daily, bearish momentum broke support structures creating right shoulder with resistance rejection helping price trade below 50EMA as confluence to the downside. we could see GJ at 163.500 going into next week. what do you guys think? ive been trading for 3 months and have passed a funding...
It's a late entry but it still follows the rules. Impulsive break, retest, candle confirmation and then enter. We have a considerably large SL due to our past experiences with GJ and where the market is. For now just watch, if you don't understand why I took this trade rather stay away especially if it does not follow your risk management plan.
Nice break, retest and continuation. My focus has been on US30 and because of that I lost a beautiful trade. We can't catch them all but those that we do we put 6 Gun and enjoy. (6 Gun, is a spice mix in South Africa which is basically like our MSG)🤣🤣
Trade Proposal: There is a probability of first tp to the proposed ( 167.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: GBPJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
Short Call! FX:GBPJPY Bears seem to be aggressive RN! Application of Dow Theory
From 162.87 Gbpjpy facing trendline resistance Hopefully it will sell from here Looking for Downtrend Trade at your own risk its a trading idea only.........!
Looking to short GJ on a retest and rejection between 156.159-156.355. However, if GJ breaks and closes above those zone on a 4h tf, I will be looking to go long. 3-17 rrr. Stay tune for update. Feel free to like and/or comment your thoughts.
Looking for some upward movement. Looks like some possible buy structures occurring. We'll see. 2% on the table