New Adventure

Gu:
my view is long term bearish.
Gu mthly had closed below previous support 1.2225-1.1950.
and recently closed below the covid low n make new history low.
covid low was 1.1406-1.1544.
weekly has akim set up for bull and it may start pullback because price at daily make a push from 1.173x to 1.03xx in one way. So pullback is needed for strong push down again.
price still below the ema 200 so i am bearish for it. Or if it daily close above 1.173x i may look for change trend.
weekly supply sit at 1.1404-1.1647.
price may pullback until here.
it is unclear for me because too much fundamental issued for this pair for mow.
i may open trade by lvl to lvl.
4h supply sit at 1.1250-1.1270, 1.1270-1363 or 1.1412-1.1460.
I am watching this pair carefully to short or buy.
recently this pair volume is high so play any side need wider stop for it.
i can’t exactly to tell what play is it for now, but i stick to big tf structure first for bearish.
there is a QM bearish at 1h , if it didnt go down then may fly high again , 1.123x was the top, if price go above it , then bull continue higher first.
trade safe guys.

One of the example that QM failed fly then back down and more.
US30 at 4h.

Due to keep testing , and wrong there , i were drop to $655 from $684 .
i move my capital to new account and this time will only trade my edge and focus with more PA and structure.
this 655 will be my capital base.
bad that, overconfident n test a lot.
i plan to put new TE and old together but ff dont let me put 2 , so in the case , for what happened is i over trade and drop to $655 from $684.

I am giving up on this.

Its too pressure and hectic kind of feeling it happens.

Cant stick to my own rules. Lol.

You better withdraw 600$ and turn 47 to 600. Then you can confirm yourself you are a good trader.

I might come back. You stay safe and trade safe.

I really is ok and fine with my loss , after my loss, i went to analyse what went wrong for my system and how i look at chart,
i did and cannot say 100% about i already find out what my issue, but i definitely watch chart differently now,
and due to my first 2 day loss make me lack of confident at gu short but i found gold and gu kind of similair pattern forming , so maybe i will focus and gold and build my position for short

Gold.

Hi guys, I may stop posting at this thread , but i will keep my TE here.
I am kind of lazy to posting now
I found some interest thing in market and how to use my strategy properly at trending , and most important thing is PA and basic are the key, so i now make some modify and change my strategy plan.
just want to share it here and then i will stay silent and focus my trading.
1. Watch bigger TF structure and trend (weekly to mthly chart) long term trend
2. Watch current trend 1h to daily chart .
3 define 4h to weekly supply and demand zone , support and resistance lvl
4. when market reach there , look for any reverse pattern or wait market slowly change structure at 1h-4h -daily
5. enter with strategy
6. when it running, use the strategy to reload or add order for continue trend

note: i found my strategy work well at trend but bad at counter trend,
Is hard for me to spot trend reverse, but i found solution is that pay attention at big tf area and go back small tf for pattern and structure for reverse.
Then apply my strategy to enter with trend moving.

good luck guys.

I closed my account about $690 at September,
Then i blindly follow my strategy and lose about $50 in 2 days at last monday and Tuesday.
but after that i stop and digging what went wrong and make adjustment,
now i gain back my loss and extra green now.

Indicator and tool just for help you get in market, is not really a direction or reverse signal ,
Price action, market structure and candlestick pattern are more important thing than indicator and strategy,
strategy and indicator just for how to entering market.
this is what my thought from last week.
i may wrong, but when you keep stop out , should stop and look back what went wrong.

dont too focus indicator and think it is holy grail or high winrate, strong trend or bigger tf pullback can just easily beat indicator and strategy.

take it as a side tool for extra confidence and signal from market.

Market will keep changing,
and your strategy may will out of sync sometime,
I not talking about change strategy,
but adjust it and know when to use it, and when not to use it.
my strategy listed at first page , i found it is suit for trend moving and pullback, but not really good at reverse.
now i look for pattern for reverse , then strategy enter come last.

thats all i want share. Good luck everyone.

Unfortunately , I cant say the strategy wont work but require more like structure and PA.
i now learning SMC to trade, and learn how to map structure and spot order block with pure chart.
Here is my analysis for gu.