GBPNZD POST ANALYSIS FROM AUGUST 8TH 2018.
I want to post quality content for the people on TradingView and I believe that one of the most valuable tools is knowledge through experience. In trading there are a lot of failures, trust me. I have made and lost 6 figures in trading. But I have come back from those failures better, stronger, and more consistent than ever. I wanted to share a post-analysis on a trade that I took in August that wasn't posted on TradingView. So lets dive into it.
On this pair I was watching the market conditions on the 4H time frame and I had seen that choppy market conditions were followed by a 100%+ push by the buyers, showing me control and interest in buying this pair. I usually don't give this valuable of information for free but I value everyone's skill and time so I want to mention it. The biggest sign if a trade will be successful or not (in what I've experienced) is the RETEST. It is SO CRUCIAL to watch the re-test because it will explain if this market is truly in the interest of a buyer/seller or if this was a fake momentum move. It's a great way to find more bullet proof trades. If you look at this example the strong push to the upside was followed by another weak, choppy market conditions re-test. This showed me that the buyer who created that push to the upside is in control and not it's a matter of time to wait for the interest to come back on the re-test.
I used recent significant structure on the 4H to build my hypothesis to the fact that if price holds this structure level and I see buyer interest there, then I will look to go long on this pair. As you can see after holding for numerous days buyer displayed his interest again, and the market was taken up into the previous highs and beyond! I wanted to share this example because there is SO MUCH OPPORTUNITY in these markets at all times. It's all about having a plan, staying disciplined, and taking action!
Please like and follow my page for more trades before and after ! Cheers!
p.s. ALWAYS ASK YOURSELF WHO'S STRONGER BUYER OR SELLER? Cheers!
I want to post quality content for the people on TradingView and I believe that one of the most valuable tools is knowledge through experience. In trading there are a lot of failures, trust me. I have made and lost 6 figures in trading. But I have come back from those failures better, stronger, and more consistent than ever. I wanted to share a post-analysis on a trade that I took in August that wasn't posted on TradingView. So lets dive into it.
On this pair I was watching the market conditions on the 4H time frame and I had seen that choppy market conditions were followed by a 100%+ push by the buyers, showing me control and interest in buying this pair. I usually don't give this valuable of information for free but I value everyone's skill and time so I want to mention it. The biggest sign if a trade will be successful or not (in what I've experienced) is the RETEST. It is SO CRUCIAL to watch the re-test because it will explain if this market is truly in the interest of a buyer/seller or if this was a fake momentum move. It's a great way to find more bullet proof trades. If you look at this example the strong push to the upside was followed by another weak, choppy market conditions re-test. This showed me that the buyer who created that push to the upside is in control and not it's a matter of time to wait for the interest to come back on the re-test.
I used recent significant structure on the 4H to build my hypothesis to the fact that if price holds this structure level and I see buyer interest there, then I will look to go long on this pair. As you can see after holding for numerous days buyer displayed his interest again, and the market was taken up into the previous highs and beyond! I wanted to share this example because there is SO MUCH OPPORTUNITY in these markets at all times. It's all about having a plan, staying disciplined, and taking action!
Please like and follow my page for more trades before and after ! Cheers!
p.s. ALWAYS ASK YOURSELF WHO'S STRONGER BUYER OR SELLER? Cheers!