The point of this was to develop the psychology and follow the trading plan that i had prior taking this trade. It's imperative to journal/Record your trades and follow your trading plan coz there's no way you can shy away from a written plan. All psychology😊😋it works for me...
Moved my stop loss to a 5% since it broke below my support structure in a corrective manner...still waiting to see how it does before moving it to a Break Even (B/E).
Price is failing to break either below or above and since my bias was on a sell price, price is rejecting mu green zone/ resistance zone, i wilm apply proper risk management...now i wait...😉
Looking for a short on Oil with a 1:7 Risk:Reward😁...broke above the channel i had and caught people on the wrong side...now i wait to see if price could push to the down side
I'm looking for the same come of the previous impulse break from the forst top, so technically I'm looking for a Two Bar Break to confirm the sell but I'm also prepared should the market break above either to form a Head and Shoulder partten or to make and equal high of the previous daily structure and make that the high of the day or make the M pattern and form...
DXY gave us a doji on our strong support zone and continued to respect that zone on the smaller timeframe and created a reversal pattern(head and Shoulder). Now would that zone Hold? Will it reach our target/goal for this week, which is tha 61.8 Fib Level? And if so...I'm gonna look for sells on gold😄🏃🏼♂️🏃🏼♂️🏃🏼♂️
NAS100 has formed a doible Top on both Higher timeframe and smaller timeframe. Now, the question is...would it respect or hold that resistance? ..or would it Gap above on monday since it closed on a bullish kind of bar formstion i call the Inside Bar. It formed a doji on the daily chart...lol...does that mean it's time for SELLS?
Nas has been on the ascending channel to retest the breakout of tbe bigger channel, which can be seen visibly on Daily or 4H chart. Before i go in for sells I'm gonna wait for confirmation bar on 15 -30M timeframe then scale down to my 5M chart to see if price formed any reversal parten.
