FRIDAY UPDATE

After FOMC as predicted event, Price create new opportunity for a small shorts. If London session price go up fast then it is confirmed a good chance to short for 30-40 pips profit.

Weekend Update..Long Opportunity

Big Uptrend of Cable made it difficult to find potential setup. Finally there is good setup for next week. Small Gap and Herd Mentality sync in Harmony but first price should beat the whole sale zone.

POUND UPDATE TARGET HIT!!

After Reach the Price Target

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...

GBP and XAU Weekend Update

GBP Price Target identified nicely and as from now on I will LONG until the Area is Hit.
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.

BIG RALLY BREXIT BULLSH*T and ADVANCE TRADING IDEAS

Finally GBP get out from boring grinding moves for weeks. More important thing is I want to document a new strategy and maybe a breakthrough of Trading World...

This is 5min Hang Seng Chart because I am too lazy looking for Forex Example.

We learn about magnet and stuff using fibonacci and TMA and here is what I found just now.

Instead of waiting the market to create new high so we can draw the fibo, why not projecting the high/low using the fibs???

We know that 62 area is a good retracement magnet before price resume the trend. Exploit this knowledge with this strategy:

1. Look for liquidation gap and stop loss spots between the high and low
2. Draw the fibs line so the gap and stops area rest nicely at 0.62 zone
3. Look at the new made high/low looking for more confirmation if price may reverse from the zone ( TMA, HERD AREA, or Other Oversold/Overbought Indicator)
4. Wait for the Price to Reach the 100% fibs area before do the counter trade
5. After the trade wait for the price reach the sweet 62 zone to take profit

  

WEDNESDAY UPDATE GBP and XAU

HTF TMA is needed to verifiy which way price likely to go. Today I was a fool shorting the extreme TMA reading. Also the pre London open looks like market will go down some more which I got fooled.

Luckily no harm made. Keep learning!!

POUNDS TARGET HIT IN ONE DAY!! MISSION ACCOMPLISHED

DAILY BIG UPDATE GBP AND XAU TARGET HIT

Monday create another inside bar at GBP waiting to break. High probability it will go down hard and fast to hit the TARGET.

• Double inside bar indicates price to breakout. Can be a fake first before become a true move.
• Higher Low stacked up nicely waiting the get hit fast by MM.
• Target Price below easily sits near the 62.5 zone fibonacci which also another kind of magnet.

MM can deceive us with fake rally or another range market but today we will stand strong waiting for every sell opportunity to ride the move.

GOLD easily hit the double stop wash without any obstacles. MM Classic Textbook.
Sometimes I wonder how they do it over and over and how traders keep doing the same thing over and over.

WEEKEND DAILY UPDATE CABLE SELL...SELL...SELL

GU and GJ Daily Chart reveals the MM price trail going DOWN next week.

GU Analysis:

• Doji inside bar followed with break upwards to clear the stop orders from breakouts traders and stop losses.
• Higher Low piling Stop Orders below and the lowest low also Breakeven Area of Breakout Trader.

GJ Analysis:

• Although there is Fat Herd Mentality Target above, price never reverse after 2 Levels Stops instead create a lower low.
• Last Price from Herd Mentality Target was a few ticks above high then reverse hard indicate Stop Wash mentality text book
• GJ may go upward to pickup HMT above if price can stay at previous high.
• Breakeven Area of Breakout Trader anc Classic HMT target below

GBP BREAKOUT AND GOLD UPDATE

GBP SOON TO BREAKOUT

Thursday Scenario:

There are 2 possible scenarios that may happen today:

• Price will move inside prev high low making it a double inside bar
• Price will go down to hit the 62.5 zone to create fake breakout

How to play:

• It is better not to trade Thursday. Tomorrow is non farm day which can make big whipsawed to 62.5 zone first before shoot up. 
• If we force to play the best scenario is fake on prev high and low as MM want to trap more traders before the big day tomorrow. Tomorrow can become Engulfing Bar that swallowed all orders ups and downs before price can go directional again.
  

CRAZY GBP AND EUR UPDATE

GBP Target Price Hit on every Level. Long and Short can be profitable if using Stop Hunter Strategy. Volatility all over the place.

EUR make smoother uptrend leaving many pending order behind. Target definitely will go to Herd Mentality Zone. But price also may retrace to at least 62 Fibo Zone that also become Breakout Mentality Area. Before or After Break Yesterday's High.

GBP Strategy:

• Daily Clean Washout then reverse is strong indication for Price Going Up. Asia Session and London Open tomorrow will show MM trump card.
• Tomorrow will look for buying opportunity if there is valid Price Action.  

EUR Strategy:

• Short at Herd Mentality Area then Exit at Breakout Mentality Area.
• Long at Breakout Mentality Area then Exit at Herd Mentality.
• Anticipate the nasty wicks on Important Zone. Wait for micro washout before enter the trade.

Summary:

Learn how to differentiate trend or reversal.