hello everyone! We can see that banks are in drawdown since they sold before buying.
This means they need to mitigate their positions moving the price at least
to 50% of the last bearish candle before the reversal. I will only enter the trade long if this happens
BREAK AND RETEST STRATEGY ON HIGHER TIMEFRAME .. STARTED ON 4 HOUR FOUND MY ENTRY ON 1 HOUR ...
PRICE RESPECTED ZONES AND TRADE ENDED WITH NO DRAWDOWN!! MY FIRST TRADE WITH NO DRAWDOWN LOL !!!!!!!!!!!!
As trader we often have to look at the past to guesstimate the future. In this chart I compare two past large drawdown events, the 2000 Dotcom Bust and the 2008 Financial Crisis to our current situation. Both of these events, which were massive in nature, had drawdowns of over 50%. We are currently at 30%. If our current event is similar we should expect another...
Gold follows Silver, so as I watch silver closely I was able to see a bullflag on the 1 hour. This indicated to me that we should be expecting further upside as there was even a retest of the bullflag, not completely precise but in favor enough to go long on the retest. Beautiful play out
Thursday, 14 February 2019 EUR.JPY (S) -0.5%
A textbook trade opportunity that provided 7 positive confluence factors, in addition to a healthy 2.5:1 reward comparative to risk.\u2028\u2028
Drawdown as a financial trader is inevitable, it requires immense amounts of strategically designed mental strength to trust your strategy.\u2028
How you deal with these...
Power Ledger broke out today and brought huge gains. Price reached 0.00005786 level. A retracement and consolidation is coming which is normal after breaking through several resistance levels.
The candlesticks and Bollinger Bands are showing signals of a coming retrace which are confirmed by Ichimoku clouds.
We expect the 0.0000340 - 0.0000360 range to work as...