ADANII POWER - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Top30
US30Should I say anything or have you enjoyed the ride of waiting and watching. Either way we stay watching, we waited long enough so we should know that it happened not by mistake but on purpose. All we have is skill and sharpening the skill is all we can do each and everyday in preparation for what has happened and what is to happen
US30Short description of my weekly view
Retest of bigger trend
Bearish channel with a strong buying power
BAT formation (inverse H&S)
Touch on strong support structure (Blue triangle at the bottom)
Still waiting for fundamentals to confirm
For now just follow and use your plan to see how you can maximise either the buys or the sells that are on the way.
US30Apologies for not posting this on Friday. Still going to do a review of the week. I'm just busy with my relocation situation. So I don't think I'll be heavy on the charts but I'll put out my weekly review.
What happened here was the positive gain of the US, besides the rumors and many people talking about the collapse. There are many factors which will direct how that will happen so till then we wait, watch, plan and trade the plan.
Also NFP week so do not forget your fundamentals as they will affect your plan, your strategy and just how you trade this week.
US30Do with this information what you will but don't enter if your rules don't allow you to. Rather watch and wait for your rules to be met in order to enter whether a buy or a sell. You are not a tree so move (change your bias for one kind of direction)
US30Once again like the previous Stop Loss that was hit😂😂😂😂😂 too early. So either the edge is too sharp or not sharp enough. Either way, we paid school fees
US30I see it once again but this time, proceeding with extra extra caution and following My Trading Plan.
US30The reason I laugh at what has happened is because we were wrong yet we were in line with the market. We were too early,🥱🥱🥱 So had we waited just a little bit, we would have been in the and out very quickly😂😂😂😂😂😂😂😂. To another day🥂🥂🥂, we sharpen our skills yet again with this lesson.
US30This is what I'm seeing. This is a possibility yet has a probability to reverse. So the Trading Plan will be followed to the tee.
US30I hope we are still in touch with the Sunday review. We were slightly off, but were in align (not right) with market and it's conditions.
Should we see a break of the bigger structure than we know we should start preparing for a bullish run.
US30This is my my "Sunday" review. I'm slightly fluish but that still is no excuse to being a slack.
Here we have US30 (A pair I actually didn't have the belief I'd be able to trade)
From the Daily, we can see we are forming a pennant and in previous weeks we have broke an uptrend, retested and continued. So we know we have hit all 3 points on both sides.
Move down to the 4H where we see a double bottom and an inverse H&S which is the opportunity for a bullish run. That is still not enough to declare our buying bias. We will wait for area of significance to be broken, retested before fully placing Buy Stops.
Down to 15M, those mini runs are risky but if you're thirsty and have enough capital to play with (you know how much that is), then fully go for it and stay watching it. I have just read that it is the CPI week so it will shake up the fundamental side of the market.
US30Goodnight
I'm closing all my trades. My week was slightly negative but today's trades made it less negative. I'll explain my mistakes on Sunday, with my market review and forecast for the upcoming week.
CLOSE IN PROFIT MANAGERS
US30 Good job, move SL into profit or close now and open your laptop again on Sunday night for your weekly review
US30Area of significance reached, therefore we can expect a drop. **Still not enough confluence**
Reversal trend (correction) from initial trend.
Candles slowing down getting smaller in size. (ENOUGH CONFLUENCE)
Wait for the break, then enter
US30I don't trade NFP, so only now am I about to forecast. Market hit SL if this triggered but Friday my screen was closed. Only now do we get further confirmation that we have high possibility of going up but we also have a high probability to collapse.
US30Once the retest is over and we have an Impulse up or candlestick formation ending the downtrend. Then we go in and we ride it the whole way (For me till NFP, I do not trade NFP).
US30Finally seeing what I have been waiting for, just waiting for the last impulse downwards. After this, we going in (following our rules).
US30I did give the warning to move SL into profits or manually close. Now that we have seen further development. We will wait for completion before fully setting out our game plan
US30Formal update, we shot up impulsively and retested but hit a limit, hence the double top. Close manually if you want or move SL closer, the retest could be hurtful and potentially damaging.
US30Throughout the week we could see this playout, For now we wait for an impulsive breakout and retest before entering.
US30The one that was already running, got stopped in Profit but the Sell Stop hit SL. So they slightly balance out. Yet we keep going
US30The earlier trade pulled me out and hit my SL while in profit. So now I have found another entry which I will gladly take (the instrument is rounded off on the charts so it's kinda hard to give precise exits)
I entered at 33 111.52. My SL is 33150.52 and my TP is 32 111.52
US30Right about volatility just wrong about direction (For now). I'm going to delete my Sell Stop and just wait for it to keep on melting and retesting before anything. Yet stay watching and stay waiting