Market Structure is Bullish on Daily TF, However my bias is Bearish Im not convinced of Bulls because of Fakeout Structure on the Daily TF from last week, Also a Bearish Weekly Candle close from last week Looking for a pullback to 1.135 for sells
Market Structure is Bearish on the Daily TF, just as we started last week as well This mixed with Yen News from Last Monday Jan -17 , My bias is Bearish on this Pair Looking for a pullback to 154.700 for continuation sells I believe there is a very good probability that price will come down 50 Pips to 153.500 at some point during the week
This is not a trade Idea, Rather an analysis of last week's Price action on the 1Hr TF. I describe my thoughts on what may be playing out here. The daily candles closing back inside the daily range between 95.6 and 96.2 is a sign of bullish strength. We have now established a solid support on the Weekly Timeframe.. and the Dollar has been trending up. Cheers...
My Bias is Bearish for this Upcoming London Session 1/21/22. I believe we have strong bear momentum and can continue bearish to 154.150. I have drawn the Levels we should pay attention to carefully. I'm looking for sells around 155.200, where there is a 1hr zone. This is a good pullback spot to go short, worth the Risk:Reward, trading with momentum. Additionally,...
The train was going down today so I was looking for a good seat. When I arrived everyone was in sells already. Not going to lie I did have FOMO, But I was patient and outlined an area where GJ could keep coming down to. 8EST , 30m candle closed beneath the candles to the left, waited for next 15m of the new 30m to form, it formed bearish, the next 15m came up and...
I post my analysis here because It is good for me to hold myself accountable. It keeps me honest and objective about what I'm really doing. Also I'm looking for people to chat with during the Foreign Exchange NY Session 5am-8am PST.
My bias was Bullish moving into this Session since price broke above my Resistance Level and Consolidation. FOMO struck me when I initially got to the charts and my emotions caused me to get into a short position, going against my bias. I fortunately cut the short position for less than half my risk on it. Patience always pays and shortly after getting out of my...
Aggressive entry on this trade. I put a SL below entry candle that hadn't closed yet. I visualized 7:15am candle wicking down and then closing strong to the upside so I decided to enter when the 7:30am 15m candle began to break the prior 15m candles highs. Ultimately I was stopped out at SL but I'm glad that I took this risk.
Originally my bias was bearish but the chart as it continued to play out was not looking too good for the bears. Price created a new Low on the 30m but we printed (3) 30m candles rejecting this Low. Additionally we had hammer candle rejections off support on the 30m timeframe. If price isn't going down then we must be going up. I was flexible and quickly adapted...
I took this entry signal however when the new candle opened price quickly moved down thus changing my SL pips and size. The new calculated size was not the minimum contracts that I can trade -AND- due to the Fear of Missing Out I still entered anyways. I technically forced this setup since it originally met my criteria but I wasn't fast to the gun and the...
This was a well executed trade. I waited patiently and executed for the most part without fear. I wasn't thinking while executing but more so focusing on my process. I've adopted the belief that "getting into the habit of taking profits off the table, discipline" is a useful belief. It caused me to close the position at 11 pips profit. I believe this to be a...
I post these charts of my trades for accountability reasons. I want to keep myself honest because this endeavor is a serious one. This trade was not based off of logic but fear. I wanted to be in the market because of FOMO. I have some work to do with regard to discipline
This was a good trade because I followed all my rules. However I didn't listen to my intuition that was telling me to TP before the Fed cut interest rates and everything went haywire. I was stopped out and am grateful that I have protectd myself and my account so that I can pursue my passion again tomorrow. Listening to Intuition and respecting what it's telling...
This was a good trade for me. It just happened to be that the Fed decided to cut interest rates so I was suddenly stopped out of this trade. I took a loss 2.6 times the normal losses I take but this is a learning experience for me. I had a SL order in but the price jumped over my SL. I feel grateful that my Loss was not larger and that I have the opportunity to...
I didn't take into consideration spread upon entry. My 5 pip SL position size was filled 7 pips away from that technical pivot SL area. This is a lesson learned and next time I will take into consideration the spread before entry. If I am still filled at a price that is significant from original calculated position size then I will exit, then enter with correct...
This was a mistake-free trade that I placed. My system called for it. Result:+1R. My analysis was that USD dollar and it's stock market had a major correction. The fundamental backdrop on this trade was that the indices would revert to their mean price, thus the Dollar would gain value against other currencies.
Result: +1.16R No mistakes during the execution of this trade I followed my process and I was rewarded
I took this short because at the time I thought that it was a valid trade. I followed my process, I followed my plan... however during the middle of the trade I realized that the 15m structure over the last 24 hours was creating HH's and HL's. This does not meet my setup criteria. It took this trade for me to realize that I need to add this concept to my filtering...