Only have this because we recently had a petrol price (gas/ fuel price) in South Africa. This usually happens before the price rises again, when we get cheaper prices it's the scraps of the current production. That's why our prices are never inline with the world average.
Same as US100, I went in without a SL. My forecast and market structure all had a hand to add in my belief of direction. Yet it was risky, it did pay off and my TP was hit, think due to spread offered by my broker. Tomorrow is another striking day, so let's prepare and put on our belief and education.
It was a good in and out analysis, but because I didn't anticipate it to enter so early I got stopped out. But it was a good lesson, in that check the time frame you are forecasting in so you know how often you should check if orders have been triggered and when they are just how much managing needs to be done. (excuse the bad English composition)
I really was too early yesterday but this time our risk paid off. With the possibility of a possible stop hunt, I went in with no SL but had a TP which was inline with my trading plan.
You should not be waking up with a smile but with a clap for the hardwork and skill that you have built thus far. On to the next, bigger and better.
Still running but SL is in TP. We running quite well and very strong. So sleep on it and let it hit TP ............or SL (which should be in profit)
Took this rick earlier and it threw me right out but I'm still with the belief of a bearish direction. I have more sell stops in mind but only to be placed after an impulsive bearish candle and retest
Would have been the perfect trade to close this morning. Due to being too early I would've probably deleted the order by now. It's good to see the skills are quite sharp, just a bit eager.
Stand point. We did well, onto the next. So keep watching and waiting, well done traders
Finally has happened, thankfully it didn't trigger earlier so for now we stay watching and let it go.
This is what I am seeing and what I expect the market to do. Due to me taking the first trade on a small account, I have strict RR that only allows me to enter another trade either on completion of the previous trade/ it's TP becoming an SL. Which will still ensure me keeping the full amount.
I forgot that I had placed a Sell Stop on Thursday, so Saturday I saw that it had been triggered. Because I wasn't too sure why I had placed this, waited for market open and moved SL into profits. The gap jump we had also shows us that we could have a pullback, but for now we watching and waiting.
I was closed out early, but left it to watch where and what it would do after all I was curious. Good to see patience still works and we need to keep refining
The USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell. The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between...
A bit late to enter the buy I waited for but those that have taken it, well done and very good spot. W/ Double Bottom, whichever you see I'll either wait for completion or pullback & consolidation whichever comes first before entering.
Minor Loss to wake up to, the day still has a lot of momentum we will be catching. Still in US30, which is covering our 15 pip loss.
If you scared and not sure close now and wait for the market to further develop. Those with a traders mind you will either move SL to BE or into profit. We're expecting a pullback which will and can punish everyone