Trade Active - Short Entry - 1.93809 SL - 1.94054 TP - 1.84254
Forgot to highlight the short on the chart. SL is in profit now. No clear signal to abandon trade, for now. Short continues.
Weekly 50% fib retrace complete. Time to short. Entry - 1.94274 sl - BE now. tp - 1.87000
UJ Long. Entry 107.042 SL - 106.690 TP - 108.572
AU Long Entry - 0.74644 SL - 0.74435 TP - 0.76195
Price broke below entry signal candle. Trade entered. Entry - 1.06786 SL - 1.07018 TP - 1.05864 RR=4:1
Shorting NU Entry - 0.69531 SL - 0.69741 TP - adaptive Trend - Daily: bearish trending channel. 4H: price action reached top of downtrend. Level - price rejection off of 0.69700 daily resistance level. Signal: 1H candle closed with bearish momentum. 4H showing bearish momentum but not closed yet. Will exit trade if 0.69700 is closed above.
Trade pending contingent upon closure of 4h candle. Entry - 122.121 SL - 122.225 No TP
Trade pending. Entry - 122.121 SL - 122.222 TP - Lot Size - 1.0
Current long term trends show GJ upward. Currently shorting the retracement and will look for a 618 bounce (could go lower) before going long to 1618 or higher. 400+pips is target.
We shall see. Looks like GA a planned pullback to either the 236(bigger fib) or the 50(smaller fib), and maybe even the 382 or 236 (samller fib lines) before a short entry down to the 1618 fib (1.94000 psychological support). Lets see how the next couple of hours play out.
I drew my analysis last week (right around the 4/20 timeframe) and because of newbish experience was uncertain that price action would follow what I put on the chart. As of market close on Friday (5/6/2016), I should have entered trades appropriately, as pricing and tech analysis came to fruition. Lesson learned to always stick to your trading plan.
Drew the lines on 4/29. Haven't looked at it until this evening. I stopped looking at it because it was not going EXACTLY as I had drawn it so I gave up and looked elsewhere. Lessons learned: It doesnt have to be exact or perfect. It just has to be close enough. I can adapt and modify my plan according to how the market moves. Just because the price...
unless this is a pivot point or a reversal, this ship is still going down.