Zartrader
US100If the double bottom plays out, then here's an Idea. Especially because we reach the peak, we done retesting now to fill in all the orders.
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
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.
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.
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.