This is also showing me signs that its about to melt. Broke the resistance level and is currently testing it. Should it close above resistance and have an impulsive bull candle then we know it won't melt/ If we have a close below the resistance, then we can expect a melt.
Forecast is still the same but entry is changing. Those that did trigger, hit SL and now we out and stay out. DON'T REVENGE TRADE
Not liking how the market is moving, so might actually close the trades and wait longer. Both US30 and US100 are moving slow and possibly preparing for a pullback.
I'm seeing a textbook like pattern as well. Wait for the break and retest before entering . This is still a business so we don't get excited, we plan, we trade the plan and we mitigate until the deal is closed (Whether profitable or not). Keep your eye on it and watch if it goes inline with your trading plan, IF NOT DON'T TAKE THE TRADE.
Following textbook trading, this is a basic pattern which is indicating a downwards demand. Where the market has supplied and how it has supplied, there is not much against the bearish demand. Just watch carefully and trade like you already run a Billion Dollar hedge fund. If you look at it, it is basically going to melt and calling for you to find the melting entry.
Had to zoom out for it to make sense, look at the white lines. Volatility filtering down and creating enough demand for the supply which is coming. I had an interest in US30 and US100 earlier, but I'm glad I got busy with my day job (keeping me away from the charts). I did give a warning about this happening, this is like symptoms of a serious illness about to...
TP hit so we focus on what the market is saying to us and move with it, it is Market close today so I am not aiming to be heavily on the charts just monitor. If anything I believe is in line with my trading plan then I will share my thought.
For the method and strategy I used, this was a long trade but still easily manageable and highly profitable. With how this played out, we got to see that US30, US500 & US100 are not the same but have few similar characteristics. They all volatile, influenced heavily by fundamentals and easily misunderstood. My hate of overnight trades wants me to close, but rather...
⚠️⚠️⚠️⚠️DON'T FOLLOW THIS, JUST WATCH⚠️⚠️⚠️⚠️ Analysis and Forecasting like this is for teaching, because the direction the market goes will show us the possibility and the probability. The reason we stay sharpening our skill (Like a Katana) is so that we strike less times but each strike is as efficient as possible. My head space also isn't the greatest, I've...
Iplaced this early thinking I am using the new strategy but only as it ran did I see that I am using my default strategy. It is clearly engrained deep in my heart and head😂😂😂😂😂🤣🤣🤣🤣. Those that are going to watch and follow, It's Friday CLOSE YOUR LAPTOP AND ENJOY THE WEEKEND. DON'T HAVE WEEKEND TRADES. This week we should be up over 2% of our Monday Acc. I've...
⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️ FIRSTLY THERE WAS NO SL SO IF IT HAD A SL, IT WOULD'VE BEEN HIT. BUT WE HAVE MORE DATA SO WE CLOSE THE TRADES AND GO ABOUT OUR DAY.😎😎😎😎😎😎 Now we stay watching and waiting for the next move we will enter but I will leave the forecast to understand our data.
⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️ Added this to the trades. Whatever happens or I decide to do I will post results and we have more data to add to the validity of the strategy.
I didn't pay attention on Friday and just got caught up with my own things. I forgot that I am at work so it requires responsibility and discipline. So in that I have to hold myself accountable, but because we follow rules the loss did not wipe out my account. It only took out my profits from the previous week.
Till we get a retest of the current break I am not entering the market. Yesterday we took a quick buy and closed, then the market dropped. Then we had buy stops and manually closed just before the market dropped once again.
Stopped out, took my money and ran. Cannot be greedy. whether I want more or not. SL is important in my trading plan wherever going to sleep is involved.
Same as US30, run it but move SL into profits or to BE. The market cannot be taking what you just made.
Easy analysis but not a long term forecast. Inverse H&S - if it breaks you can take it. Best thing let it break and retest before fully commiting.
Remember to always believe your forecast and your analysis. Tough week but we are built tougher, to next week and more wins🥂🥂🥂🥂🥂