Monday, November 4, 2019
Sunday, November 3, 2019
- We identified the potential spot of Herd Mentality
- Wait for a pullback and draw the Fibonacci
- Apply the ABCD pattern. Make sure it reach at the herd mentality zone
If everything applied it means high probability the HMZ is the Reversal Area which happened at the charts above.
Posted by Sith-Trader at 4:31 AM
Thursday, October 31, 2019
Saturday, October 26, 2019
Sunday, October 13, 2019
There are 2 probabilities after price hit the target. Continuation or Reversal..
I trade mostly on reversal trade when price hit key level. I trade continuation trade when target is possible to hit.
The new idea just comes out is doing the Reversal Trade then get Ready to HEDGE if price do the breakout.
There is high possibility after the HEDGE price do real Reversal.
If that happened I will do the breakout strategy. The breakout order should be on worse price than first trade.
If price keep continue after the breakout we will wait until price hit the new TARGET. Then we can cut the profitable hedge and resume with the reversal strategy.
Why using HEDGE than Cut Loss? Hedging is just subjective preference. For me it will push my brain to keep monitoring the market and react accordingly.
With cut loss sometimes I just done for the day..shut down, act of laziness...
Posted by Sith-Trader at 12:21 AM
Friday, October 11, 2019
All GU and GJ have the same structure...Coincidence??? or just MM algos do their jobs...time will tell....
XAU on the other hand is not very clear but from the Herd Psychology it is likely to go down first to wash all Weak Hands.
As long as price not breaking prev day high it is good to short.
Posted by Sith-Trader at 7:17 PM