The markets have welcomed me back, and because I increased my risk appetite I donated back all the profits from the week and some change. So it means we have deviated from our strategy and have paid the price. Like running a business, it was the cost of running a business. School fees now paid, we take the lesson and we do better next week.
From what I'm seeing this is going to melt. at first it does not look that way but this smaller channel is called trends in trends so it'll break out, retest then continue. Only then will we look for answers.
I tried something and risked it but it didn't work out so we recover and move back forward. Lesson learned and watching the fundamentals was crucial today and I didn't so I paid school fees.
A bat seen from 2 different trading styles, either with the channels formed or strictly following candle structure. This only means a build in momentum and we need to be ready to get on the train, because tickets are bought.
Good thing SL was moved into TP, so we stayed up. I left the trade idea to see how much blood will be shed. Now we are waiting for the pullback before we fully enter.
Seeing this possibility, yet I'm slightly reluctant because it's quite early and also it's Cyber Monday so not too much is supposed to happen. We will wait for an impulsive bullish candle close above structure before committing.
I was watching the market last week, I just did not see anything which allowed me to take trades. This week could be different but I will be objective and take what the market shows me. Moving down from the Daily, which has been stretching into an expanding wedge (signal for bull pressure to take over soon). No guessing🙅🏿🙅🏿🙅🏿🙅🏿🙅🏿, it's rules and we follow them to the tee.
DO NOT TAKE THIS OR PLACE THIS UNLESS YOUR STRATEGY CONFIRMS THIS⚠️⚠️⚠️⚠️⚠️⚠️ This is a possibility a very high but the probability is 50% so we will wait and watch. It's showing signs of a melt but the fundamentals are steady right now pending more Twitter news, FTX updates and inflation changes.
Forecast is still the same but entry is changing. Those that did trigger have hit SL. DON'T REVENGE TRADE. If it came close and didn't you can either manually close or hold, dependant on your level of risk mitigation.
Straight forward and very textbook like. It's rare to get exact textbook examples but when we do, like the Egyptians we use the knowledge we have to create wonderful feats. BEFORE ENTERING, !!!! WAIT FOR THE BREAK AND RESTEST !!!!. Please don't just enter because that is not using strategy, that's gambling and over a long period of time it ends in negative accounts.
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.
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 show itself. So from tomorrow believe everything will not be the...
Very and Highly VOLATILE and Risky. It is not advised and solely under your own discretion. I'm risking less than I would, I am not expecting much just enough to reassure my skill that it is still sharp even on Fridays.
You should have by now moved your SL into Profit/ BE. I got stopped out because of spread (I'm trying a new broker) and the retest. Either way I'm happy the forecast is still sharp and the work is proving it. 😭😭😭😭
BREAKOUT & RETEST We wait for breakout and then retest before entering but those with a solid plan know when a breakout is coming and get it earlier. It takes time to build your skill and confidence.
MY TARGET WAS NOT REACHED. I GOT STOPPED OUT IN PROFIT. I'm closing my laptop, I will see the market again on Sunday.
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...