Zartrader
US30Now going into this with a new and different mindset, in that all in. My current view of the market as no fundamentals factored in, but I will later adjust according to what I read, see and hear.
US30New possibility of the upcoming week and a quick in and out, but I'm not going to enter because RR is not inline with my trading plan.
US30Last week we saw what happened. Yet we said we'd just watch, good thing SL protected us and kept us safe.
GJ (Please Read My Entire Comment)Watch this explode next week. This consolidation if you have back tested GJ, then you should know what to look for (adjusting accordingly to your plan, not to what you saw on IG). Next week either market open or mid week we are going to have an explosion. Using my experience from back testing GJ, it will usually hit both sides (It triggers both sell stops and buy stops in order to fulfil the supply of the side it is going to),
IF YOU HAVE NOT YET TRIED IT, USE THE FREE TRIAL OF TRADING VIEW. YOU WILL NOT REGRET IT
US30BELIEVE IN YOUR ANALYSIS.
It's why I advise to unfollow all traders on all your socials, it plants seeds in your mind whenever your search their name, see their posts or mentions. You shouldn't be on your socials that much, you should be refining and making your skill an edge for any market condition.
Close your laptop, it's Friday, enjoy your weekend. But before the relax conversation, either manually close or move SL into TP (To wherever you are comfortable, in case market close is messy)
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US30Triple Bottom Formation
- waiting on impulsive bearish candle
- that entry is where I will enter once there's an impulsive bearish candle and either a retracement or consolidation of candles
NAS100We have our impulse, now we wait for the retest and we enter on continuation.
1. Reversal within the channel
2. 3rd touch on the smaller 15min channel (Top Part)
3. Candles have reduced in size, indicating a smaller demand = less supply
4. Impulse bear candle
NAS100I want to say "control C and then control V" from the US30 analysis but we are not parents that believe all their children are the same. They may have similar traits but they are not the same.
Zoom out and you'll see that the current phase is a correction after the touch on the BLUE LINE, it impulsed up and is now correcting. We are waiting for impulsive candles which will show us direction and demand of that direction.
1. Reversal within the channel
2. 3rd touch on the smaller 15min channel (Top Part)
3. Candles have reduced in size, indicating a smaller demand = less supply
US30This muscle called the heart sitting behind my sternum, is about to break my sternum because of emotionally filled answers and observations. It wants the market to break down and keep falling. So let's do the money thing and put it aside and let the brain take over.
We only have one confluence
1. Channel within a channel
Due to lack of confluences, we will wait for more information.
GJIt's a late entry but it still follows the rules. Impulsive break, retest, candle confirmation and then enter. We have a considerably large SL due to our past experiences with GJ and where the market is. For now just watch, if you don't understand why I took this trade rather stay away especially if it does not follow your risk management plan.