Time of entry: 5PM Reasons for entry: - Previous 4h structural highs respected - Fakeout breaking back in with high selling momentum - Multiple wick rejections to resistance Lessons learned: - Well closed out at BE as the DXY was at a 618 fib lining up with a resistance so it was likely the dollar would have been weak and so stopped us out - Again entry...
Time of entry: 11AM Reasons for entry: - Messy double bottom to 4H support - 61.8 fib rejected - Failure to close below support - Above 200 EMA Lessons learned: - I shouldnt have disregarded the fact that bearish market structure was being formed here (Yellow lines) - 50 EMA was being respected with multiple rejections to it further showing downside...
Time of entry: 9AM Reasons for entry: - Break and retest of consolidation - Doji to consolidation Lessons learned: - I should never have even got in this trade as i only had 2 confluences not 3 - I traded through high impact news which wiped SL out - Entry should have been on the 4H doji close - SL shuld have been above the structure not above just a wick...
Time of entry: 2PM Reasons for entry: - Major 4H high was well respected - bearish engulfing was perfect entry - Consolidation broken and retested to the downside around the key level Lessons learned: I closed on the break of the pendant but i don't trade pendants so i shouldn't manage a trade based off them. WAIT FOR 1H CLOSES AT LEAST and this would have...
Time of entry: 4PM Reasons for entry: - B&R of res now support - Multiple wick rejections to the downside - Uptrend - Above both EMAs -Bullish engulfing breaking previous 30m highs Lessons learned: - Again my SL wasn't in anywhere valid, at least have it at the bottom of the support - RR was forced too trying too hard to get more than a 1:2 RR - Bullish...
Time of entry: 4PM Reasons for entry: - Proper B&R of res now support - new higher low formed - rejected fib golden zone - rejected 200 EMA and closed back above 50 EMA - Morning star as entry with stops just below doji wick Lessons learned: I was already in a Buy on EURAUD and so selling this means i needed a weak enough AUD for my EA trade to go my way, but...
Time of entry: 4PM Reasons for entry: - Break of 4H resistance - Wick retests - 4H bullish market structure - Above both EMAs - 30m highs broke as entry Lessons learned: - DONT CHASE TRADES, this was hardly a retest of my zone and it was chased to be honest im lucky it was a breakeven. - IF SL ISNT IN A VALID PLACE DONT TRADE IT, my Sl here was in the...
Time of entry: 6pm Reasons for entry: - Using my previous sell trades bearish market structure, i noticed structural highs were broken and retested - We then saw price fail to close below support, and push up closing bullish - 1H pinbar to support as entry rejecting both the 50 and 200 EMA - Golden fib zone rejected Lessons learned: I got in a good trade with...
Time of entry: 1pm Reasons for entry: - 4h bearish market structure - B&R back into the previous support now resstance - 1H close at midline of res followed by a nice bearish close showing rejection of resistance - Longer term 50 fib rejected - Sell stop set at previous 30m lows - Closed manually at orange line Lessons learned: I closed out well here when I...
Time of entry: 2pm Reasons for entry: - Double bottom - Big 4h bearish momentum candle failed to close below support - 'Golden fib zone' rejected - 1H bullish engulfing as entry Lessons learned: I manually closed out at BE after that massive bearish rejection happened but i should have had stops at BE to do that for me otherwise this may have been a...
Reasons for entry: - Uptrend - Clean break and retest of structural resistance now support - Above both EMAs - 2 1H canles failed to close below the support, creating a pinbar followed by a bullish engulfing - 4H closed as a doji to support - Waited for highs for be broken and entered. Lessons learned: Not much as we could have taken 3% here but the markets gave...
Time: 6PM Reasons for entry: - Downtrend - Well under 200 EMA - Nicely rejecting 50 EMA - B&R of support turned resistance - 61.8 lining up perfect with res - multiple failures to close above res - Bearish engulfing as entry when momentum broke 30m lows Lessons Learned: Euro was VERY strong, I should have spotted the 1H double bottom marked out in the blue....
Time: 9:30AM Reasons for entry: - Lovely double bottom formed on 1H - 4H failed to close below leaving rejection wicks - Failed to close below support on 1H - Tweezer bottom as entry once 30m highs were broken Lessons learned: Wait for at least a 1H CLOSE before taking profits as it is limiting my winners
Time of entry: 4pm Reasons for entry: - Uptrend - Big impulsive move to the upside showing alot of buying momentum - Break and retest of structural highs - 1H hammer with long lower wick - Entry was the break of the 30m highs Lessons learned: I previously got in a buy whilst that bearish hammer was forming and was wicked out -2% so i thing this was a revenge...
Time of entry was 11AM Reasons for entry: - Clear downtrend - 3rd TL touch - Break and retest of structural support now resistance - 38.2 fib rejected - Well under both EMAs - 1H bullish engulfing failed to close above res followed by doji to res. Entry was on the break of the 30m lows as a sell stop. Lessons Learned: I dont usually take partials but here i...
Reasons for entry: - Uptrend - TL touch - Support holding - 61.8 Fib lining up perfect with support I got in the 61.8 wick impulse abit late but im still gaining experience with these type of trades. Here i was stopped out at BE unfortunately to the pip but a BE is better than a loser. Lessons learned: I should have got in on the proper wick at the bottom. This...
Reasons for entry: - Uptrend - Well above both the 50 and 200 EMA - Previous structural high was broken and retested which I used as a S/R flip - 4H doji to my support which lined up nicely with the 23.6 fib Stops were nicely placed giving decent breathing room for the trade but not so big that my RR was affected. TP was -0.618 fib extension and blue line was...
Reasons for my entry were: -Downtrend - Break and retest of consilidation which was also previous structural lows - Price rejected the 61.8 fib - Under both EMAs - Bearish engulfing rejecting 61.8 fin was entry Lesson learned: If i would have drawn out my daily support bigger and set TP there then i could have taken profits earlier but the RR probably wouldnt...