GJSL of the earlier trades has hit, but because earlier we had UJ we still up. But we need to watch it over and see why we got on the wrong side. Watch and WAIT
Satrader
GJThese are my ideas as to whats going to happen after the close and retest is done. So either entry will depend on your trading plan, that's why both entries have different SL. It is to accommodate my trading plan and my RR which I follow, STICK TO THE PLAN (YOURS THAT IS).
UJI placed trades earlier here, because my day was so busy. I couldn't post the forecast I had but I longed for 57 pips and TP hit. Just waiting for more opportunities.
GJGood thing we didn't enter it at the time we saw it, or else we'd have heart palpitations. It would've either hit the SL or come close to because of the large movements. Now we wait for the retest of the blue rectangle before we hop on and ride
GJBe careful of that euphoric feeling of being on the same side as the market. Don't over trade, lose RR, forget about your trading plan, after those wins close your laptop and sleep. I'm still here because this is what I am willing to let my life be. I'm seeing a possible break to the upside, and because here in South Africa it's about to be Midnight; spreads go crazy, people donate their profits back to the market. This is why I don't like having trades running over days but part of my trading plan is leaving trades until point of exit (TP or SL). So I'll just watch and let things happen.
GJGetting my forecast right 2 times in a row is such a big event. It has taken me time to get to a point where I don't care about what "mentors" are saying🤔🤔🤔😎😎😎. GJ, after back-testing, practice and over 10 blown accounts I have finally understood a part of it. Long term we going for a while but I want to ride the waves along the way. Thank You for those that read and follow their plans. If you just look at my forecast and place the same trade, without checking your rules, please tell us who your next of kin is so we stay ready to call.🤣🤣🤣📞📞📞
GJ😂😂😂😂 Lesson Learned 😂😂😂😂
Because I got too excited for the set up, the previous buy stop I set was 161.300 and not 161.030. So I just have to be more patient before adding any trades as it will mess with the trading plan.
Plan your trades and trade your plan.
Initial idea was to get in before the break, after neckline retest add more trades. This was to ensure that even if the market went against my forecast, then I would either walk away with minimal profit or BE, NOT A LOSS.
Back test 1-2 until you know it's behavioral patterns without even drawing anything or even putting in indicators.
🤣🤣🤣🤣😂😂😂😂 I'm mad but it's a lesson I was clearly supposed to learn.🤣🤣🤣🤣🤣
GJI had already entered an early trade of this as a risk but if we get the close I'm anticipating of the next few candles then I will place that buy stop and let it run. I will only adjust here and there according to SL and price structure.
1. Inverse H&S
2. Break, retest and continuation
3. Break of inverse H&S shoulder line
4. In the Correction phase
GJI've put 2 trades next to each other so you can see which type of trader you are, or which one serves your trading plan. It's the weeks forecast with all my analysis done (Starting from the 4H chart going down to 15 min).
FOLLOW YOUR PLAN AND STICK TO IT
READ THE COMMENTI was greedy and selfish and didn't listen to my own advice. Close the laptop and go enjoy the week.
This weeks lesson
- Follow my own advice and do not question my authority
- Having foresight for the next week, makes it easy to prepare for the movements of the week.
- Learning doesn't stop even if you have profits for the week
US30It's Friday, you don't have to fight it. Close your laptop and go enjoy your weekend, next week is a better week with more possibility.
UJLike GJ, I'm waiting on the possible structure formation. It's not support and resistance, it's the points of interest that'll direct my next actions.
GJNOOOOO It's not Support and Resistance🙅🏾♂️🙅🏾♂️🙅🏾♂️🙅🏾♂️⛔⛔🚫🚫🚫. I am seeing a possible inverse H&S, so I'm waiting for the formation of the other shoulder or a break of structure. With this info that the market has currently given, it's a short risky trade I see. So it's not what I want to babysit, I'd rather wait for the larger possibility. (inverse H&S).
US100New direction possibility. Knowing that we are not walls in our thought process, we are not held down directionally but we are dynamic and go with the market. We are waiting for more confirmation of the new direction possibility.
1. Highest point reached, therefore there needs to be more supply (stop orders from gamblers) in order to fulfil the demand (higher price)
2. Impulse down. correction. Awaiting continuation & 3rd confirmation
ONLY THOSE THAT ARE BRAVE CAN TAKE THE SELL NOW, MAKE SURE IT'S INLINE WITH YOUR TRADING PLAN.
GJProtected, don't know why I didn't do this with UJ. The market is not your parents house, so don't overstay your welcome. Now we wait and watch.
UJI'm watching and waiting till it hits the blue rectangle, how it behaves there will determine which direction we will follow the market to.
UJI'm looking at this trade and I'm hysterical because I told myself that it's going to come back so move you SL. I said this before closing my laptop, but I guess it was louder in my head then the actual action of doing it.🤣🤣🤣🤣, it's one of those that are not bad because my plan accommodated the possibility of the loss.
GJThe blue rectangle is the SL, now let it run. There are more possibilities we are waiting for but till then we wait.
GJThis would be the time I'd be setting the sell stops, but also look out for a retest because the movement is too slow.
GJWEDNESDAY. Boom, it happened exactly like we forecasted last week and early this week. Those that placed and got rewarded well done. Close your laptop, withdraw your profits and go spend time with friends or family before your try to overtrade.
US30We weren't right, we weren't wrong. We were just on the side of the market demand and got in where supply started. With the many many many hours and fails, finally we have an idea of where we are going to. BELIEVE IN YOUR ANALYSIS.
UJAnother possible entry we just waiting for either the pullback or consolidation, before setting up sell stops. The blue line/rectangle is our entry point.
1. Impulsive candle down
2. Pennant
3. Awaiting 3rd confirmations before entering
