Hello and Good Morning.
YESTERDAY'S RECAP!
All of us were actually expecting to do our PROFITS collection as usual , we had our traps set and we were ready , but sadly nothing took place , the MARKET played on it's own way, THE RANGING continued, and lastly forced me to Dive DEEPER to understand what was happening and guys i' saw the CONSOLIDATION, and yesterday's closinig remarks were the MARKET will be consolidating for a while.
TODAY'S ANALYSIS!
Every TRAP i had set yesterday remains the same, i'm sure there will be no breakouts for today as well and unless we come across some extra confirmation point's which as of now i'm sure i have covered all, so as i said yesterday we are expecting the consolidation to continue for at least the remaining of this week, nothing further, my thinking is we have to be ready for TRADING THE CONSOLIDATION , which basically means we have to identify our SUPPORT and RESISTANCE ZONES and as always Buy at Support close at RESISTANCE, and give A SELL which should close at Support.
This is workable on any time frame , but a lower time frame will be clearer for this type of MARKET.
Anyways my FELLOW TRADERS, i'll continue evaluating the MARKET STRUCTURES and will be updating as time goes by, for those few words, i see myself with huge recovery to make, there is a possibility i might go less of my Target this month but you know that's what TRADING is all about,.
NOTE: i last night talked about the CONSOLIDATION CONTINUATION, and from last evening up to now we are on the consolidating market, my normal routine for the above market, i'll be also looking for opportunities in other PAIRS, the consolidation is due to the CPI news yesterday at last not wholly but it contributed a certain percentage.
Up until then wish you a wonderful day!
YESTERDAY'S RECAP!
All of us were actually expecting to do our PROFITS collection as usual , we had our traps set and we were ready , but sadly nothing took place , the MARKET played on it's own way, THE RANGING continued, and lastly forced me to Dive DEEPER to understand what was happening and guys i' saw the CONSOLIDATION, and yesterday's closinig remarks were the MARKET will be consolidating for a while.
TODAY'S ANALYSIS!
Every TRAP i had set yesterday remains the same, i'm sure there will be no breakouts for today as well and unless we come across some extra confirmation point's which as of now i'm sure i have covered all, so as i said yesterday we are expecting the consolidation to continue for at least the remaining of this week, nothing further, my thinking is we have to be ready for TRADING THE CONSOLIDATION , which basically means we have to identify our SUPPORT and RESISTANCE ZONES and as always Buy at Support close at RESISTANCE, and give A SELL which should close at Support.
This is workable on any time frame , but a lower time frame will be clearer for this type of MARKET.
Anyways my FELLOW TRADERS, i'll continue evaluating the MARKET STRUCTURES and will be updating as time goes by, for those few words, i see myself with huge recovery to make, there is a possibility i might go less of my Target this month but you know that's what TRADING is all about,.
NOTE: i last night talked about the CONSOLIDATION CONTINUATION, and from last evening up to now we are on the consolidating market, my normal routine for the above market, i'll be also looking for opportunities in other PAIRS, the consolidation is due to the CPI news yesterday at last not wholly but it contributed a certain percentage.
Up until then wish you a wonderful day!
Comment:
Guys GET SET Our MARKET STRUCTURE has started the conversion on a very positive way, be on the look out for our breakouts zones, the fall i thought we were to see next week is taking shape.
Our first trap is broken at $1893-headed for $1890 once we break $1890 guy's i'm getting in.
Our first trap is broken at $1893-headed for $1890 once we break $1890 guy's i'm getting in.
Trade active:
Wait for retest then have your entries guys remember i'm running long to $1856, for you kindly play around identify the previous support zones and have your TP'S SET! FOR INSTANCE $1880 AND $1870.
Also be CAREFULL the MARKET has just somehow regained it's momentum but the WORRYING STRUCTURE LEVELS are still not fully gone!
Also be CAREFULL the MARKET has just somehow regained it's momentum but the WORRYING STRUCTURE LEVELS are still not fully gone!
Comment:
As i had said earlier the MARKET had not lost it's WORRYING STRUCTURE which meant we should trade with CAUTION , i'm currently running loss on GOLD TRADE, but GBPCHF and GBPCAD are recovering my losses.
Anyways this is the exact reason i advised you not to trade earlier but then mislead you for the GOLD SELL ENTRY, Lucky me just took ONE gold entry!
Up until then do wish you a wonderful day ahead.
Anyways this is the exact reason i advised you not to trade earlier but then mislead you for the GOLD SELL ENTRY, Lucky me just took ONE gold entry!
Up until then do wish you a wonderful day ahead.
Comment:
We've broken our TRAPS on the UPSIDE , the BULLS are having soo much pressure but I didn't take any entries nor will i take any, even after i see a retest , i'm expecting my fall to happen first which will prove my validity anything apart from that is not advisable.
Comment:
Guys we are still within the consolidation Phase, don't be trapped, you can see the market is really under pressure trying to break the previous Resistance Zone, so our session has signed in and still no change in the STRUCTURE! bottom Line if your trading then be extra CAUTIOUS!
Let's recollect ourselves and try other PAIRS that do not involve USD. The CPI yesterday is just very weird, don't know what these guys are planing, today i was expecting the change in structure but guess what? it worsened.
Anyways for those who wish to trade the RANGING MARKET please be careful.
MEANWHILE let me take a look at other ENTRIES for different PAIRS.