In a trade with AUDSGD and spotted this setup for GBPAUD & GBPSGD. Very similar setup, hopefully there is another bullish swing. Decided to only set my order for GBPAUD due to HTF trend alignment.
Not sure if there is a news coming up or not, the price meets my rules, i hit the order. simple as that.
to be honest, really getting anxious about finding another valid trade setup from the market.
this setup is somewhat acceptable yet not exactly perfect for my trading plan due to the biggg spike. despite saying that, this pair currently sit at a strong area of confluence which makes me believe that there should be enough selling pressure coming soon for price to...
Hope 2019 has been great for everyone thus far,
it has been awhile since I traded. there is simply no valid trade setup for me from last 2 weeks of Dec 2018 till today.
Just have to be patient and wait for my setup.
Such a obvious trending move on the 4H and alot of confluence at this level.
Why not go for a Long trade right?
The bullish price action needs alot of "mojo" to break above the red critical level. Once broken, I hope price will continue to go upwards from the momentum and test the next important level. I can see alot of Bear Stop Loss orders in the vicinity of the red critical level, if I can see it, big money can too.
whichever side you are at, make sure to always have a...
Seriously after a series of loser, i am starting to lose confidence again and really, posting my "not so great" ideas really aint a priority now. But like i always say that its just another trade, took this trade yesterday or the day before and woke up to a surprise today. Hope it continue to goes well and test the next level of structure before any kind of...
I like my chances for this pair to go for big swing towards the downside. the final target set here is perhaps way too huge but not impossible. i will be trailing my stop loss until hopefully, price hit target.
lets see. its a boring end of year so far, not much setup but then again, theres a few trades every month still
To be honest, I feel like this is a rather high risk trade because of the Stoploss buffer. just about less than 40pips from my entry. But I have no choice, I am just following the plan and setting my Stoploss level accordingly.
another thing is that, I feel like this could potentially be a Daily Setup rather than a 4H setup. This is somewhat like, a trading...
I was waiting for a Trigger to go Short on this pair but had to go to work.
Now my trade is too late and gone but my idea not.
just using this platform to journal down my trade. I believe price will swing towards the daily structure.
P.S: my entry for USDJPY not triggered as well. closed the order.
seems to be gearing up for another bearish swing towards a Strong Daily Support.
From Daily timeframe point of view, this is a countertrend
from 4H timeframe, this is a trending move
there is no right no wrong, its all about being consistent with your setup rules.
its just another trade.
potential short continuation towards the next level of significant structure.
Simple does it. the trend may continue and it may break. don't think so much and follow your rules.
its just another trade.
Trade with the trend until it bends. EURSGD is in a obvious downtrend. But I am sure that there will be people out there that says, the trend is overextended and is in the vicinity of a Support therefore, a pullback or reversal may be due. no point shorting this anymore. But what if, the Support breaks?
see, this is obviously how psychological factors and fear...
1. Momentum towards upside and creating a new uptrend on the Daily timeframe
2. Meet my trading rules/setup for Long. But Weekly Chart is still in a downtrend
Blue Arrows indicate my expectation for the movement of the price action.
Lets hope it works out. if not its just another trade.
Cheers.
Price is starting to make subtle upward move by creating HH and HL
Structure may be changing from Bearish to Bullish.
Target is the next Daily Structure.
To be honest, I missed this trade. not sure what I was doing when my trigger showed up. >.< But seems like price has not taken off yet so there may still be a chance to enter this trade.
Trade safe. Cheers
Just did my morning analysis and USDTRY really challenge my limit the mostttttttttt.
it has meet almost all of my setup rules less one of it.
when this happen, it is easy to look for clue on the chart and be tempt to break the setup rules.
and yes, I was tempted and almost pull the trigger. thankfully, i managed to stop myself somehow.
i am sure this is why...
Just want to share another Short trade that I am currently in.
New LH and LL forming. I expect price to test the Weekly Structure
Reminder to self and you all,
Simple Trading is the best. Dont over analyse with multiple timeframe, when the price action meet your setup rules, execute it.
Be consistent with your actions and let the edge work.
