My advice to anyone trading oil is keep position size extra small...caution always. It will burn you. Having said that im putting two small positions on prices recovering and closing the gap we created. This has nothing to do with any geopolitical upheaveals,no Russia or Saudi in this analysis,just pure tech analysis. We reached an important zone (yellow) on the...
I am going to bet on rand recovery for this coming week. I like the change in structure on H4. Its an early jump in because the daily is still technically bullish so i slightly reduce my position size to manage that risk. Entry: 1 small position @ 16.2314 SL: 16.6250 TP: 15.2956 RR: ...
The blue zone is my area of interest. I want to see price rejected on the daily or H4 and if that is satisfactory will take the short. The yellow zone are potential targets. Will update when i take the trade.
The target for DXY here is 100 but i want to see a good pullback 1st on the daily. I have two zones that are of interest to me,the blue zone and yellow zone. The blue zone has the support of the SSA cloud and price could hit that then bounce up. Alternatively price could cut right through and bounce off the yellow zone (also daily kijun level). So il monitor the...
So we opened two equal shorts on Naspers and one hit the target making a good RR of 3.25. We have since exited this one position in profit. The remainder is still on and is in profit now but we have added new zone of interest which is the blue zone. If we get a strong reversal signal here we will exit and if not then we let it go according to plan.
TP1=RR 1.68 TP2=RR 3.57 Think i might have left some on the table but il go home with that.
The analysis for this trade was done on the monthly. Since Aug 2016 the cereal has been on an upward trajectory creating higher highs and higher lows consistently.The Nov 2019 candle broke out of the yellow zone which had been a resistance area since Oct 2018 and we seem to be testing this zone as support. Entry was done on H4 after the structure change was...
We are waiting to short Gold. We scrapped up 2R from the last trade (see attachment) which we want to use for our short trade, (synthetic risk free trade). We want to see a change of structure for us to take the trade and that has not happened yet. We envisage a HnS to come up and if it does we will trade either the breakout or the retest of the neckline. Lets...
So i made the analysis for bearish continuation on this pair last week. The analysis was on point right down to the last target which was hit today. My flaw however was on the timing of my entry. I had put my entry on the H4 to increase my RR,which was good and fair however i did not wait for a structural change on that timeframe. The confirmation of the trade...
We secure a bit of profit through pour 1st TP. I am waiting for a pullback to the 8400 region then rejection for me to put the trade at break even. For now we wait.
Did not change anything,went with the original plan..now we wait
I expect the trend to continue downwards for this pair. On the monthly we closed well below our Tenkan level and the Lagging is free to dive. The weekly since 13 January has been obeying the boundary of our SSA and last week was no exception. Entry here will be done on the H4 after pullback to the yellow zone. This increases our RR and also increases confluence of...
Our structure seems to be changing to bearish. Confirmation of that will come once we have a successful pullback and rejection,preferably from that blue zone. Ultimate target being the yellow zone. Lets watch and see it play out.
Gold seems to be changing structure in my eyes. The fact that in February despite the whole run up to 1690 at some point, we closed the month pretty much we were opened,in fact just slightly below opens my bearish eyes. On the daily 1660 was the magic figure and we just couldn't close above that. Il say the bears are in town. I will play this in 2 stages however....
Sasol is still very much in bearish territory but i am going to take a pullback play into the yellow zone here. This has RR of about 2 but because i am going against the general trend any signs of resumption of the trend i will jump ship
Since November 2017 Naspers just can not close above 247900 on the monthly. Someone is defending that area and we tried again to go through that zone in February and again we couldn't close above.In fact February's close almost ticks all the boxes for dark cloud cover and that is good confluence for my bearish outlook. So March will likely be the start of a...
Got 3R wiped out on my WTI trade. This trade covers that rainy patch and more to come. Position 1- 2.35R Position 2- 4.96R