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G-CAP

USDJPY142.00 Most important number here. Whatever happens here will determine our next move. This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back. - We need a long rejection to confirm - We have what is forming a double bottom (only 1 confluence) - More candlesticks showing slowing down will help confirm If it rejects at 141.5, we will see it go back down and continue with how it has been currently moving. The sell bias is the probability, the buy bias is the possibility. - Current candlesticks confirm continuation - Momentum is downwards - Trend is still bearish
by Mhangwane1
NAS100There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel its been in * It broke the channel and retested * continued downwards * rejected 16865 (Showing the direct, downwards) * wait for opening to get last confluence before looking for sell entries TP1 = 16760 TP2 = 16680 TP3 = 16600
PEPPERSTONE:NAS100Short
by Mhangwane1
US30Here is an alternative view. If you understand the different phases of market movements. I should not have to explain this. I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers. * 3 touches at the top of the channel * 3 touches at the bottom of the channel * Break of the main trend that was following the bullish momentum * Currently in Phase of retest and rejection before it falls * The bearish candlesticks had more power going down than the bullish ones moving up I've got 5 confluences This is now on my considerations
PEPPERSTONE:US30Short
by Mhangwane1
US30We need to be decisive here. US30 has no exact direction from my eye from 4H going down Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys. Moving deeper: The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the market. Watch for 37640: - if it breaks straight through here, wait till it gets to 37600 before the next move - if it bounces/retests here we can assume the continuation of the bigger bullish trend and break of the current trend
PEPPERSTONE:US30
by Mhangwane1
GJThese are sell stops which I had placed on the 26th of December 2023, I got caught up and forgot about them. The market is currently not moving so I am at risk of losing these. Having not paid attention I could potentially hit the risk I had planned to lose. I had seen how the market pushed in between two price points (Blue rectangles). Found the probability and the possibility. Set my Trades up. And now we are following through but if we continue the way we are going, we can actually scale in with where the market currently is. This is only advisable once we move SL into profit, above the previous high (about 179.86) I'll keep an eye on it when the market opens and act accordingly.
Short
by Mhangwane1
GJBack-testing this was one of my greatest lessons and pleasures of enjoying exchange and the markets of. 2009, 2014, 2015 & 2023 - These years are crucial because 190.00 beat them down telling them to sit TF down and show respect. Bigger view, zoomed out, 1M - shows 2 double bottoms - this indicates that we were bound to fight upwards - 2020 (1W) we shot up, slowed down May 2021, went up Jan 2022, had frequency (I call being stuck in one place this, because it reminds me of a frequency chart), Jan 2023 (we've been in frequency again) Move to 1D and you see there's more information
by Mhangwane1
UJWelcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should give us directional views of what to expect when hitting those levels - Since May 2022 we have not seen it take a break till 151.94 (not slowing since 2000)
by Mhangwane1
UJSunday Session We watched from last week that the market has played out in such a way that NFP was a needed element to the movement. We saw the double sword of the results of NFP, one because they was too much excitement but also because the actual to the predicted varied very much. We are bullish in our forecast and that won't change anytime soon unless we get other confirmations. Daily we see a very big bearish flag which is signalling our bull trend. 4H, we see a bearish indication but looking at the bigger movement we now see that it is part of the play and we need to be more patient for the trade we actually want. 1H, a break of many structure downwards as we had 3 last channels broken to go to the downside.
Long
by Mhangwane1