mohammed0141

mohammed0141

We've reached the HTF structure high for the completion of the pattern (3rd touch). On the LTF's, we've formed an ascending channel at the structure high. Within the channel, we've formed a double top retrace with an arcing formation.

mohammed0141

We've formed an ascending channel (as forecasted earlier) and are now forming the 1hr retrace. Entry on the close of the 1hr retrace.

mohammed0141

Just been triggered in with a 15 pip stop loss.

mohammed0141

We're at the HTF double top and are looking for; 1) An ascending channel at the double top. 2) A drop from the double top and the formation of a hover at the structure low. 3) An ascending channel at the structure high for the completion of the pattern (this is most high probability setup).

mohammed0141 Updated 

We've broken the HTF double top in the form of an ascending channel. Within the ascending channel, we've reached the structure high for that 3rd touch. Now we're waiting for price to fill the spike and form a retrace. I'll be entering on the retrace formed after filling most of that wick with a 15-20 pip stop depending on the size of the 1hr retrace.

mohammed0141

We've reached the structure high of the ascending channel (as mentioned in the previous post) and have correctively broken it on the 15min timeframe (with a rising wedge). We've now broken back into the channel but since it's the daily close, we're going to wait until the spreads calm down (which usually takes an hour or so after the daily close). I'll be entering...

mohammed0141

We've formed an ascending channel and have broken the HTF previous high (which is very good as we're catching people on the wrong side of the market). We're very close to the structure high of the ascending channel for that 3rd touch (and completion of the channel). I will be taking an entry on the retrace formed after we touch the structure high. But you can wait...

mohammed0141

We have reached the structure low of the falling wedge. I'm looking at a double bottom formation (reach back to the previous daily low) which llines up nicely with the previous weekly low (both of these are labelled on the chart). These levels are very key for the long-term analysis (on the Weekly and monthly timeframes). XRP right now is very, very cheap compared...

mohammed0141

We're ranging in a falling wedge at the moment. The high value areas are the double bottom of the falling wedge and the outer structure (3rd touch) for the completion of that pattern. Since we're moving very correctively on the daily and are getting that arcing nature, it's highly probable that we can reverse from the double bottom (AKA previous daily low on the...

09:07

mohammed0141

I got cutoff in the previous part of the breakdown and this is the rest of the breakdown.

20:00

mohammed0141

I breakdown the trades I missed and talk about how I was feeling at the time to watch back and see if there are any patterns involved with my emotions and psychology that I need to overcome to improve as a trader. Hope you enjoy and take some value away from this.

19:54

mohammed0141

Psychology and emotions that go along with this setup and how I was feeling at the time. Including the breakdown of this trade.

10:00

mohammed0141

This is the way I have been backtesting. Any feedback would be greatly appreciated. Thanks!