Good job, move SL into profit or close now and open your laptop again on Sunday night for your weekly review
Area of significance reached, therefore we can expect a drop. **Still not enough confluence** Reversal trend (correction) from initial trend. Candles slowing down getting smaller in size. (ENOUGH CONFLUENCE) Wait for the break, then enter
I don't trade NFP, so only now am I about to forecast. Market hit SL if this triggered but Friday my screen was closed. Only now do we get further confirmation that we have high possibility of going up but we also have a high probability to collapse.
Once the retest is over and we have an Impulse up or candlestick formation ending the downtrend. Then we go in and we ride it the whole way (For me till NFP, I do not trade NFP).
Finally seeing what I have been waiting for, just waiting for the last impulse downwards. After this, we going in (following our rules).
I did give the warning to move SL into profits or manually close. Now that we have seen further development. We will wait for completion before fully setting out our game plan
Formal update, we shot up impulsively and retested but hit a limit, hence the double top. Close manually if you want or move SL closer, the retest could be hurtful and potentially damaging.
Throughout the week we could see this playout, For now we wait for an impulsive breakout and retest before entering.
The one that was already running, got stopped in Profit but the Sell Stop hit SL. So they slightly balance out. Yet we keep going
The earlier trade pulled me out and hit my SL while in profit. So now I have found another entry which I will gladly take (the instrument is rounded off on the charts so it's kinda hard to give precise exits) I entered at 33 111.52. My SL is 33150.52 and my TP is 32 111.52
Right about volatility just wrong about direction (For now). I'm going to delete my Sell Stop and just wait for it to keep on melting and retesting before anything. Yet stay watching and stay waiting
This is what I am seeing for this morning but because we are in the middle of the month and starting a new week, we could be seeing a lot of volatility. Thanks to the new found get up and go I have fed my mind, this week I want to be fully back in and going in hard this week. We will be watching fundamentals as well. Tomorrow we have Powell speaking Wednesday we...
I guess had I taken the trade it would have been a great trade but I'm glad I didn't. The Volatility was beyond what I expected and am not a fan of trading NFP but it is good to know over 500k jobs where gained.
This was a good idea but it was volatile, hence it went out very quickly but now is giving us more ideas.
This is where and what my head is showing me but there is a probability to reject and go all the way down.
Left this here just to further watch what is going to happen. Closed out early on this so we just wanted to sharpen our skills.
I took the trade quite late. I had my buy limit triggered, the zone I needed it to be, once in that area rejection happened. Entered and just closed now because my profit goal has been achieved, Tomorrow I'll open my laptop again.
Waiting for it to first move up and touch my entry (Buy Limit). Only then will I enter but before that I will also wait for the impulse down or rejection just around this zone. After which we ride it out until either 90% of the channel or till my TP in line with my goals is reached.