GBPUSD Post Trade Analysis
2024-01-29
*Loss*
1. Valid risk entry loss for a valid loss
A. Entry Valid
B. Point of Interest Valid - 4H A.3
C. Valid Exit
2.What can I improve ?
A.
- I can input trade concept into Edgewonk Advance Journal Section.
- I can add all info, pre trade screenshots, fundamental news
- I can improved my fundamental analysis
-...
I already played 10% scalp on this.
But it broke + retested the resistance line. Now resistance is confirmed support:
Watch it close for a good lesson even if you're not in the trade.
Already secured +10% on the breakout. Looking to see if it reverses the downtrend completely intraday.
Also remember: MMs already ROASTED the calls. Now time to ROAST the...
Wow! As we forecast yesterday, the market is shaping up incredibly.
Today we have brought in some £ pairs as we have some very high probability trades that could be forming. These would be textbook, low risk set ups.
Also a small lesson on NZD/JPY for us all to learn from myself included which I feel could take so many losses off the table for people....
Experienced traders differ from beginner traders in several ways:
Knowledge and Experience: Experienced traders have a deeper understanding of the markets and the various factors that can affect them. They have also been through a variety of market conditions and have a better sense of how to navigate them. Beginner traders, on the other hand, may not have the...
Tonight, I am looking at this setup on EURUSD.
Once the algorithm presents its mode during Tokyo / Sydney, we will have more information on whether this a potential long or short opportunity.
I have notice that the market tends to play between bank levels that are set during the previous sessions.
I call these levels true support and true resistance.
Most...
The Chart annotated shows an easy Trading lesson.
In at PA levels. Out at PA levels.
In other words buyers are in Sellers are OUT and vice versa. The only thing YOU need to know is what that means and how to read it.
Tiny shorts upside. Normal size lower.
Trade HVAs small.
Hi traders,
I remain bearish on gold.
But I 've just spotted this potential moves.
Either the prices, will break the support levels and in confluence with the bearish trend line will follow the predominant trend aiming lower, or
it will find support at the 50 MA - and will break the trendline + the resistance zone of the importan 166x area heading to 1680...
I was greedy and selfish and didn't listen to my own advice. Close the laptop and go enjoy the week.
This weeks lesson
- Follow my own advice and do not question my authority
- Having foresight for the next week, makes it easy to prepare for the movements of the week.
- Learning doesn't stop even if you have profits for the week
Performed a buy stop at EP of 39907.96 and it hit the S/L at 39233.17 due to the retest of the support line. loss of 675 pips on a 0.01 lot size. BTCUSD is very volatile. I have to remember to be more careful when dealing with this pair. More patience and discipline is needed. For FMI (Forex Mastery Institute Studies).
Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant...
BTC seems to be forming a bullish rectangle on the H4 chart, I will attach a photo in a comment below for reference. I have drawn out a couple lines for entries, sl and tp if this bullish flag plays out.
Bullish flag breakout generally moves the same ammount as the move before, in this case BTC jumped about 8%, so therefore we can expect another 8% jump if the H4...
Analysis:
BTC bounced off RSI support and is now at a resistance level, ETH and global markets like DOW also jump and showing strength. If BTC hold this level and give breakout many alts will jump 20-25% in the next 2 weeks. Reason for todays bounce back could be Amazons announcement of their Q4 earnings, making their stock rise 17% a day after META dropped, the...
Knowing the basics of technical analysis gives you a great advantage over the average investor. Here is some basic TA with examples to help you identify trends, corrections, and potential reversals. If you enjoy content like this please make sure to like and follow. Starting in March I will be creating videos weekly analyzing stocks and crypto along with some...
This chart is looking at bitcoin from a purely trading aspect taking away indicators and just focusing on the price action.
first we establish the overall high and low in the range (in yellow)
next we establish the current price trend over the last few days (in red)
we can see bitcoin has recently broken out of smaller consolidation pattern (in white) and...
3 Indicators, if they hold and become support this thing will explode before January.
1) Hold the Bullish strip (21 Week EMA and 20 week SMA) and the 120 Daily EMA:
Today just touched it between 51K and 53K and it closed above both.
2) Breakup descending wedge pattern and hold yellow ascending trend line:
A clear wedge that has a goal of over $70K if it...
Perhaps the most important rule when trading professionally Is that history repeats itself in the markets..
So you may be asking what exactly does this mean?
Well its rather simple; Market moves that happened before happen again!... Over and over. The reason is because markets have memory. When price returns to these levels you see similar reactions.
Why is...
I thought it was a good time to share this lesson on understanding price movement within markets.
Often, traders will not be able to remain 'calm in the game' as long as the market maker.
Price can go up, or it can come down. Inevitably, as liquidity and orders are taken in the market, it will stall and reverse.
It is just inevitable.
Markets have to go up...
