Monthly trades are the most efficient use of mental capital. This chart is for @Scottiepippins.
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Hello everyone, just an update on UJ trade. SL has been hit, leaving 1 trade at BE and 2 trades in profit. MY SL was moved from all trades to my 3rd entry point. 90% was taken at 160. I do still expect a push above 160 and possibly 163. Update on my prop funding, I have lost 4 Accounts equaling to 900k from FTMO, TFT and 5ers due to regulations. I was basically...
Like GJ, I am staying very far away. WEEKLY We are currently testing with a hanging man, which is usually a reversal candlestick, so we will keep waiting for it to complete as it can change. DAILY This is the highest price UJ has ever crossed in its history, which indicates the strength of the dollar to the Yen. Which is why we can watch as well what the DXY is...
DAILY Break upwards and price has been fighting to go up, yet we were stopped out. Doesn't break the plan, it is part of business expenses. 4H 154.00 was our bouncing point, it is where we get support and push upwards. 1H 154.60, we are slowing down and looking left shows us that we are in an area of sensitivity.
Hello everyone! Just a quick update on UJ, Im very bullish on this pair. Annotations are in analysis. I see 160.44 level being taken in the near future as there is no resistance until that point.
DAILY Not going to lie, there's no pattern I see. Just the assumption of the one I want to see, which is not a fact so it cannot be used as a confluence. Yet we broke 152.00 which if you zoom out will confirm that we are still in a very bullish trend. Impulse, Correction, Impulse : If you zoom in. 4H We formed a bear flag and broke it impulsively, breaking at...
Still holding a buy, moved SL in profit. With the current price movement we might get stopped out. DAILY 151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well. 4H 152.80 gave...
We were also triggered in here, but SL was moved into profits so we were stopped out. Wen in again and fully got stopped out. Now we refine what the market is telling us. DAILY 151.97, our peak and our ceiling. Looking left what we are waiting for is a drop and a painful one. The dollar (DXY) has also given us signs of a drop. So we will plan and wait for the...
Hello Traders.. We are taking a look at a different Pair today. The Monthly timeframe and Weekly timeframe really pushing the highs of the range over here. Will CPI be the catalyst to Spaceship us out of the range finally? Or do we still need some more time to gather liquidity and pullback. We pulled back today, Tuesday April 9th, as buyers got gun shy and Sellers...
UPDATE We got into a trade to the downside but pulled out because of SL in profit but for the idea we had, we did well and we did fair. This is not your fathers market hence we put SL into profit.
DAILY 151.20 this is our ceiling and we are fighting to breakthrough this price. If we do, then we having a cool time. Yet look out for the drop should the dollar index decide otherwise. 4H 151.70, we are bouncing here and this is supporting our push to the upside. It still is not enough for us to place trades (longs), we just wait for more...
DAILY 152.10 is our strong ceiling and we are playing around here so we can be looking out for possible trades. 4H NFP gave us the push we needed after being stuck for quite some time and we were forecasting in the same direction. So this week we can look out for trades. 1H We'll first wait for the 152.00 touch and rejection / breakthrough. 15Min 151.80, should...
The forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper. DAILY We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing. 4H Bull channel and we hit the bottom of...
DAILY All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction. 4H Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it...
UPDATE 4H We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction. 1H We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to...
WEEKLY Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement. DAILY 152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation. 4H It's just more consolidation, up and down, averages no...
We are still waiting for the move. This rejection of the price 151.50 is an indication that price is being squeezed. We can therefore anticipate an impulsive more.