We need to be decisive here. US30 has no exact direction from my eye from 4H going down Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys. Moving deeper: The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the...
A lot is happening but the levels are the most important thing I am looking at. The small yellow channel is what I will use to base my trades for any possible sell. A break of the channel. retest and impulsive continuation. All the way to the lower level which will be the bigger aim. Once there we will look for buys to the upside. Yet getting closer to the end...
Last update on US30 for the day. - supply has reached it maximum capacity as it now needs to gain momentum again - orders filled (90% rule, credit FalconFX) - We have more than enough - SL was more than deep into profits so we are protected - Tomorrow is another day and there are more opportunities.
That is more than enough, move your SL into TP or breakeven. - The market has given us more than enough - Demand has been met by the supply - Impulsive candles indicate we were correct in following the market and the conditions - There is no slow down so it should keep going but do anticipate a pullback * remember this is a business, so because the business has...
Due to the slow down and compactness of the current structure move SL into profits or breakeven - momentum has slowed down - there is a decrease in supply therefore a retest is needed to have more to supply to the demand - there is still strong bearish pull but no energy so protect your capital - understand why it broke out impulsively and has to retest
We are now seeing what the market is telling us, this analysis was just for viewing. I did not take this trade, but now we see where we are waiting to enter and how we are going to go about this movement.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Should I say anything or have you enjoyed the ride of waiting and watching. Either way we stay watching, we waited long enough so we should know that it happened not by mistake but on purpose. All we have is skill and sharpening the skill is all we can do each and everyday in preparation for what has happened and what is to happen
Short description of my weekly view Retest of bigger trend Bearish channel with a strong buying power BAT formation (inverse H&S) Touch on strong support structure (Blue triangle at the bottom) Still waiting for fundamentals to confirm For now just follow and use your plan to see how you can maximise either the buys or the sells that are on the way.
Apologies for not posting this on Friday. Still going to do a review of the week. I'm just busy with my relocation situation. So I don't think I'll be heavy on the charts but I'll put out my weekly review. What happened here was the positive gain of the US, besides the rumors and many people talking about the collapse. There are many factors which will direct how...
Do with this information what you will but don't enter if your rules don't allow you to. Rather watch and wait for your rules to be met in order to enter whether a buy or a sell. You are not a tree so move (change your bias for one kind of direction)
Once again like the previous Stop Loss that was hit😂😂😂😂😂 too early. So either the edge is too sharp or not sharp enough. Either way, we paid school fees
I see it once again but this time, proceeding with extra extra caution and following My Trading Plan.
The reason I laugh at what has happened is because we were wrong yet we were in line with the market. We were too early,🥱🥱🥱 So had we waited just a little bit, we would have been in the and out very quickly😂😂😂😂😂😂😂😂. To another day🥂🥂🥂, we sharpen our skills yet again with this lesson.
This is what I'm seeing. This is a possibility yet has a probability to reverse. So the Trading Plan will be followed to the tee.
I hope we are still in touch with the Sunday review. We were slightly off, but were in align (not right) with market and it's conditions. Should we see a break of the bigger structure than we know we should start preparing for a bullish run.
This is my my "Sunday" review. I'm slightly fluish but that still is no excuse to being a slack. Here we have US30 (A pair I actually didn't have the belief I'd be able to trade) From the Daily, we can see we are forming a pennant and in previous weeks we have broke an uptrend, retested and continued. So we know we have hit all 3 points on both sides. Move down...
Goodnight I'm closing all my trades. My week was slightly negative but today's trades made it less negative. I'll explain my mistakes on Sunday, with my market review and forecast for the upcoming week. CLOSE IN PROFIT MANAGERS