US100I really was too early yesterday but this time our risk paid off. With the possibility of a possible stop hunt, I went in with no SL but had a TP which was inline with my trading plan.
Zartrader
GJYou should not be waking up with a smile but with a clap for the hardwork and skill that you have built thus far. On to the next, bigger and better.
GJStill running but SL is in TP. We running quite well and very strong. So sleep on it and let it hit TP ............or SL (which should be in profit)
US30Took this rick earlier and it threw me right out but I'm still with the belief of a bearish direction. I have more sell stops in mind but only to be placed after an impulsive bearish candle and retest
USDZARWould have been the perfect trade to close this morning. Due to being too early I would've probably deleted the order by now. It's good to see the skills are quite sharp, just a bit eager.
US100Finally has happened, thankfully it didn't trigger earlier so for now we stay watching and let it go.
US100This is what I am seeing and what I expect the market to do. Due to me taking the first trade on a small account, I have strict RR that only allows me to enter another trade either on completion of the previous trade/ it's TP becoming an SL. Which will still ensure me keeping the full amount.
US100I forgot that I had placed a Sell Stop on Thursday, so Saturday I saw that it had been triggered. Because I wasn't too sure why I had placed this, waited for market open and moved SL into profits. The gap jump we had also shows us that we could have a pullback, but for now we watching and waiting.
GJI was closed out early, but left it to watch where and what it would do after all I was curious. Good to see patience still works and we need to keep refining
Watching for USDZAR to break resistanceThe USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell.
The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between 17.15 and 17.30. Breaking above this crucial area is needed to continue the rally, However, this may be increasingly unlikely as the daily candle wicks are now rejecting at 17.15.
The MFI indicator, which is a technical oscillator similar to RSI but uses price and volume in identifying the oversold and overbought conditions in an asset, shows that this crucial area was indeed a strong rejection zone, as highlighted in yellow. The MFI indicator is currently facing the mid-point of the indicator. Therefore, the USD/ZAR’s supply line at 17.15 may not be enough to suppress further upside.
Looking at the current price action, if the price fails to break above 17.15 and 17.30, and emphatically rejects at these supply zones, look for the price to potentially move to the downside and encounter the 16.20 demand zone once again. It will be interesting to see how investor sentiment (and the associated demand zone) holds up in the face of an emphatic downside break
A further break below that zone may induce a possible trend switch to the downside in a short-term period. However, we could also see consolidation between these supply and demand zones.
GJA bit late to enter the buy I waited for but those that have taken it, well done and very good spot. W/ Double Bottom, whichever you see I'll either wait for completion or pullback & consolidation whichever comes first before entering.
UJMinor Loss to wake up to, the day still has a lot of momentum we will be catching. Still in US30, which is covering our 15 pip loss.
US30If you scared and not sure close now and wait for the market to further develop. Those with a traders mind you will either move SL to BE or into profit. We're expecting a pullback which will and can punish everyone
US100 (South Africans Read The Comment)Due to the time I'm finding this setup, I do not advise it if you are South African. It's not really about the broker you are using but more of where you are located that'll affect you as a South African. Due to you having different lay-overs and different laws which favor brokers you can and will be stopped out of positions with SL's that are less than 1000 pips/points from entry. I would love to place this sell stop and go sleep but I'd rather place it tomorrow in the morning.
WATCH AND WAIT
UJPart of the new scalping strategy I'm testing. If it is inline with your trading plan then go for it but if not DO NOT DO IT. Plus overnight brokers are not the friendliest for South African traders.
SEE YOURSELF AS A HEDGEFUND MANAGER, THE SENIOR MANAGER HANDLING A FUND OF $10M/ R150M. Treat all accounts like that, the way you behave, the way your forecast and analyze, the way your set out goals (entry and exit points) and even what you feed your mind.
UJIf you can see it, you can but if you don't. 😂😂😂😂😂😂
I'm joking, this is a break retest and continuation in that after the candle close we will look for entries and enter all the way down.
US30Remember I said every few seconds it needs to be monitored, after the first post I was out after 3 minutes. I don't recommend such trades to anyone, these are for those that scalp less than 10 minutes and they have a RR which makes sense. I did it to test a new strategy I want to work on for scalpers who don't follow the same work we do?
US100Actually placed with no SL, this is a risky trade that needs monitoring every few seconds so I don't advise it unless you are going to put in a SL. The real confirmation will happen once it breaks the neckline of the inverse H&S, then we take a long till then stay out.
UJI've been waiting for this break. Now we wait for the retest and we place our buy stops above the retest. Until our retest is done, we stay watching and waiting.😂😂😂🔥🔥🔥
US30I didn't post this trade because I had literally 5 mins to open the charts, so I was only able to place the trade and the TP. Couldn't show it, but it followed all my rules and my trading plan hence I was able to.
UJI wanted to place this trade but because we took a loss earlier, we follow our rules so we just forecasted. Sharpening the skills doesn't stop even after a loss.
