So I actually got stopped out this trade as my sl was hunted( spread was increased) as I sold the 4hr divergent even tho the market Started to sell soon thereafter 🤨 I’m not made at it cus it made we go back n look at the pair as I’d simply spotted the divergent and this is enough to trade as it is on a higher timeframe and we r at a major bearish trendline and we have the board double top the blue circle. So you see it was a great trade unfortunately I don’t use big stop loses and my sl was bigger than I usually use. One reason why I did was due to the spread I wanted to cover this so my sl was about 20pip. You may say that’s it yes that’s too much. Here’s why huge sl just expose your account to too much risk. One may say you need room for the trade to play out 🤔 and i completely disagree!!! If your on the right side at the right time what is it to play out.? Listen if your wrong about your entry it’s ok market timing Is very hard that why it’ll give u 10 take 6 away give u 2 and than take 9 pips away . The best way to avoid this is to home in your entry n not increase your stop loss. Cus when you entry at the peak at the right time the market always grant you that risk free trade . This mean they give you the pip that won’t retrace into your entrance. They may temporarily take most but this is just to scare the weak hands and than the markets will continue in your direction. So it’s ideal to time the market be at the top of the sale or the bottom of the buy. Just a lil food for trade and a large stop loss isn’t the way. anyway 🤷🏾♂️
So I took that L here. But moreover I was going the right thing as now that I look more in-depth it’s still a sale but the question is what is the Agenda here! Cuz I’m always trying to find that sweet easy trend to ride on.
Let look at what’s going on here.
So we been in a decline , I’d channel this some time ago and my alert went off, I’d seen what i said and I sold..
But notice from the first blue circle and the second circle we see a correction structure. I didn’t pay attend to this firstly as all correction structure as important smh 🤦🏾♂️🤦🏾♂️ But price tried to break the trendline failed, dropped but corrected the fall with a w. And then instantly goes back up to test the area again. This action is very bullish!
So I added the volume profile to the second circle to see is their volume being added and behold it is .
So what do this tells me now!!
Well think on it
We have a long bearish trendline being tested with market makers volume. They are trying to break this trendline and change the direction of the market. And I was wondering why the trade wasn’t selling smh. I’d pick up the vibe on this but I was already in the sell so I stood in my trade
So where do we go from here
Well it’s still a sell at least short term cuz the bearish volume is weak and the bull volume is high thus they are bullish here, but this doesn’t mean we can’t trade the sell out cus even tho they have volume in the bull direction it’s not easy to raise price against years of resistance and it will be a drop off as the market must correct itself to adjust to the new direction as we see on pairs like eurusd and gbpusd as they are going through their correction . Gbpusd the most eurusd didn’t start it yet.
So yes the sell here if good at least to back into the profile as the market will most likely go into a range. To discuss what’s the outcome as we se on Eu and to sell now means y’all b at the best price for the sell off Before the range cuz the range will drop some and then after that it will be time to exit if needed due to the bullish tendencies we see here.
Tip. Consolation or better yet range markets at resistance is bullish and bearish at support.
For me I think I’ll watch this Fight play out and I may hope in on the victor side long term cuz whomever wins believe this price won’t b here again at least for years . .these are those critical moments ppl aren’t aware off but are present on every pair! And are happening in 2020!!!!
My advice I think all trader should try to cap on these once in a life time trading opportunities, I’m in mines 🙋🏾♂️
HOW TO TRADE LIKE THEM-
So I took that L here. But moreover I was going the right thing as now that I look more in-depth it’s still a sale but the question is what is the Agenda here! Cuz I’m always trying to find that sweet easy trend to ride on.
Let look at what’s going on here.
So we been in a decline , I’d channel this some time ago and my alert went off, I’d seen what i said and I sold..
But notice from the first blue circle and the second circle we see a correction structure. I didn’t pay attend to this firstly as all correction structure as important smh 🤦🏾♂️🤦🏾♂️ But price tried to break the trendline failed, dropped but corrected the fall with a w. And then instantly goes back up to test the area again. This action is very bullish!
So I added the volume profile to the second circle to see is their volume being added and behold it is .
So what do this tells me now!!
Well think on it
We have a long bearish trendline being tested with market makers volume. They are trying to break this trendline and change the direction of the market. And I was wondering why the trade wasn’t selling smh. I’d pick up the vibe on this but I was already in the sell so I stood in my trade
So where do we go from here
Well it’s still a sell at least short term cuz the bearish volume is weak and the bull volume is high thus they are bullish here, but this doesn’t mean we can’t trade the sell out cus even tho they have volume in the bull direction it’s not easy to raise price against years of resistance and it will be a drop off as the market must correct itself to adjust to the new direction as we see on pairs like eurusd and gbpusd as they are going through their correction . Gbpusd the most eurusd didn’t start it yet.
So yes the sell here if good at least to back into the profile as the market will most likely go into a range. To discuss what’s the outcome as we se on Eu and to sell now means y’all b at the best price for the sell off Before the range cuz the range will drop some and then after that it will be time to exit if needed due to the bullish tendencies we see here.
Tip. Consolation or better yet range markets at resistance is bullish and bearish at support.
For me I think I’ll watch this Fight play out and I may hope in on the victor side long term cuz whomever wins believe this price won’t b here again at least for years . .these are those critical moments ppl aren’t aware off but are present on every pair! And are happening in 2020!!!!
My advice I think all trader should try to cap on these once in a life time trading opportunities, I’m in mines 🙋🏾♂️
HOW TO TRADE LIKE THEM-