Here's an example how to place a trade by understanding the nature of the market. You always try to catch the impulsive moves. There are different entry models and strategies tho; to be discussed later.
The market price moves in phases (Nature). Understanding the nature of how the price /market move would help elevate your skills. The price moves in 2 phases viz: 1. Correction: When the price moves against the main direction of the trend with very low momentum candles 2. Impulse: When price moves same direction as the main trend with very high momentum...
GU breakout of a correction after retracement. Last week's forecast
Adding to the previous trade after price formed a symmetrical triangle and breaks it after breaking the ascending channel. Moved my first trade SL to breakeven.
Ascending Channel inside Ascending Channel: Price formed a high test candle at the upper part of an ascending channel.
Ascending Trendline/Channel break on Gold and price corrects after the break out and now breaksout of the correction. Anticipating a massive move to the downside.
Las5 weeks GJ trade finally hit 🎯 Tp. What a move. New week, New opportunities 💵💵 Now I'll be looking for shorting opportunities after the price made a 3rd touch on the the channel.
GU impulsively broke out of a descending channel last week Friday, I'm now anticipating a retracment in a corrective nature to go long
My USDCAD Trade hit TP 🎯. What a move. NFP volatility also helps. Next week we look for another opportunity to short again.
GJ break out of a bearish flag, expecting price to continue rallying up to the upper part of the ascending channel on the higher TF before anticipating a reversal. PS: I use very risky SL, it should've been below the previous low.
Another USDCAD Trade. Price breakout of a correction inside an ascending channel, I'm expecting it to break the channel and continue dropping. Thoughts on this entry ?
Previous GU trade hit my SL but the price is still dropping. Here we go again.
After hours of correction, price breaks out of a triangle signalling the continue of the rally. First time trading USDCAD in Years.
After dropping impulsively, the price has been correcting since last week and it now formed a Bearish flag signalling continuation of the drop. A break of an ascending channel inside the flag confirmed the Entry.
Another Long entry on Gold, Do you think I'm eating all these ? 🤔
Still holding my Tuesdays Gold Trade. Price formed an inverse Head & Shoulder yesterday and is now retesting the neckline with clear rejections of the zone.
GBPJPY breakout of an ascending channel/Rising Wedge on the 4h TF after already breaking out an ascending channel on the higher TF(1D, 1W)
Gold has been moving up for the past few days. It broke out of a descending trendline impulsively on the 4h TF and now formed a bullish flag correctively on the 1h TF signalling a continuation of the bull run.