BattleReady

BattleReady

Could it be we're not seeing a drop, because there isn't one coming. Could price continue to move sideways, hit the channel low and explode upwards?

BattleReady

I started off the day with the right idea and then I switched my game plan and ended up losing 50 pips trying to go short prematurely. What happened? 1. My preferred timeframe is 2H, however I seem to have been mostly using the 30M today. Lower timeframes have more noise and can lead to confusion which is exactly what happened. 2. I placed two Short trades...

BattleReady Updated 

Placing this trade just below the red line. Entry: 1.1340 SL: 50 TP: 150 R:R 3 There is news coming out in 15 minutes which might accelerate price downwards triggering the trade. Alternatively if price continues back up to the high, I won't go Long, I will wait to go Short again.

BattleReady

Okay, I think this is it. We had our first move down. Price pulled back deeply, fooled me and made me very undecided. I am now leaning strongly to price heading south only. I closed my previous trade for +3 pip. I have to learn to be patient and wait until I'm confident to enter. If price breaks the red line, only then I will set up a trade to go short and aim...

BattleReady Updated 

Ideally we could wait, lose some pips but be guaranteed right. However I'm going to risk my 25 pips I made this morning on price going south and not retouching the high. Entry: 1.1360 SL: 25 TP: 200 R:R 8 If I'm right, I will exit my trade early if I see price turning before my TP is hit. If I'm wrong, I'll take the 25 pip hit and re-enter at the high later...

BattleReady

I'm now undecided so I'll wait.

BattleReady

Another day of messing around but there is a 75-100 pip move here. Price has broken out of the wedge and hit my point A albeit later than I initially expected. Today I feel we go Long, I'll post another chart when it's that time.

BattleReady Updated 

Entry: 1.14000 SL: 10 TP: 25 R:R 2.5

BattleReady

So cancelling the early morning trade was the right thing to do. I said price will most likely mess around all day and that's what has happened. So what's next? On the lower timeframe than what I usually stick to, we might have a smaller trade setting up which might possibly start this evening and continue overnight till tomorrow morning UTC. As you can see we...

BattleReady Updated 

Entirely possible it messes around today falls to 1.135 raises back up to 1.146 before falling this evening / tomorrow. I'm going to wait for the better entry or till I'm more confident.

BattleReady Updated 

I might be a few hours early on this trade, but we shall see how it plays out. Entry: 1.14000 TP: 250 SL: 50 R:R 4-5 I think price will hit 1.12 then reverse so I will exit if I see signs of that happening around that level.

BattleReady

Previous trade bagged 200 pips of the current move but I'm starting to think that my outlook was too narrow. This is now what I think could happen. There might be another 80 pips left of the current move. We have taken our 200 which is fine and we'll wait for the next setup - maybe Short around 1.1550 if it plays out like this.

BattleReady

Option A - We go north this afternoon, but this pullback is too deep so not liking it. Option B - There will be another push down and then price may head north after that. Option C - Messes around some more until Thursday afternoon UTC and use Jobless Claims news report to head north.

BattleReady Updated 

Previous order cancelled - changing entry to: Entry: 1.1200 TP: 200 SL: 50 R:R 4

BattleReady Updated 

Is this the up move we have been waiting for? Or just an impulsive pull back before moving lower? I'll place an entry at 1.12200 Entry: 1.12200 TP: 140 SL: 50 R:R 2.8

BattleReady Updated 

I'm starting to think there should be 3rd push down of around 70 pips which could happen overnight or early tomorrow UTC. Entry: 1.11675 Target: 40 SL: 40 R:R 1 Going to sleep so cannot monitor the trade or cancel it if need be.

BattleReady Updated 

Channel projection updated. Short still looks good to me.

BattleReady

My mindset is for a bullish 3rd leg, however I see signals indicating we're going south. Trade what you see, not what you want to happen. It's about being patient for the right conditions. I think I may take this Short in 2-3 hours and aim for 50 pips overnight. Lets see what the chart gives us. If this scenario were to occur, it may mean we may not get our...